The swift cool-down experienced in the Boise housing market over the past two months is now making national headlines. As stated in Nicole Friedman’s Wall Street Journal article, “During the pandemic-fueled housing boom, Boise emerged as one of America’s hottest “Zoomtowns,” communities that experienced a spike in population from …

Higher mortgage rates on top of already high home prices led to a significant slowdown in buyer activity and home sales this past month. After getting so used to our overly hot and accelerating market these past two years, this cooling-off period has felt a bit more like a shocking …

Though still strong, rising interest rates, economic uncertainty, and increased inventory are causing a definite shift in the Boise housing market.  This shift has caused some buyers and sellers to pump the breaks on moving plans as they evaluate costs and wait to see where things might be …

The Boise housing market saw another new record this month with the median sales price reaching $595,000. This is a 23.9% increase from last year. The biggest price increases were found in the new construction segment where the median sales price has jumped 36.7% from last year to $645,000. In …

The median sales prices for homes in the Boise housing market hit another new record last month at $575,000. This is an increase of 4.5% from the previous month and 22.6% from the same month last year. This jump was primarily stimulated by price increases in new construction. New construction …

Despite seasonal slow down this winter, the median sales price for the Boise housing market hit a new record high this past month at $549,900. This 21.6% increase from February 2021 is largely due to insufficient supply to meet Boise’s growing housing demand. In addition to rising prices, two other …

The Boise housing market experienced a 1.1% decrease in median sales price last month, but the 20% year over year increase remains significant. And, while the rate of increase is slowing, the overall trajectory of sales prices in the Treasure Valley continues on an upward trend. As stated before, these …

December 2021 and Year-End Market Report

by Boise Regional REALTORS®

When summing up the 2021 Ada County housing market, one could easily argue that this past year brought the most fast-paced market we’ve ever seen, particularly in the first half of the year. The market conditions were incredibly …

Although the Boise housing market is experiencing a common seasonal cooling with the close of 2021, the Months Supply Inventory (MSI) metric shows that demand for homes remains strong and consistent. As Boise Regional REALTORS® reiterates, the MSI metric is calculated by taking “the number of homes for sale divided …

With the shift in weather, we’ve seen a shift in the Boise housing market too. Though homes are still selling for near record highs, we experienced a slight 0.2% drop in the median sales price from September to October. It’s been refreshing to see the market cool a bit. There …