As the weather has started to cool, so has the Boise real estate market.  Our median sales price was $530,500 last month—down about $10,000 from July but still up 32.2% from the same month last year. The main reason for high appreciation over the last year is primarily a …

It’s no secret that insufficient supply of available homes for sale has been the primary driver for rapid home price increases in the Boise real estate market. July was no exception to this with the median price for Ada County homes reaching $540,000, up 2.9% from June!

If you’re …

Some agents have commented that they are seeing small signs of “cool down” in the Boise real estate market. But, overall, conditions remain primarily “hot” and continue to lean heavily in favor of sellers. This reality combined with uncertainty about the future, seems to have finally enticed some people to …

This month's Boise real estate market update is brought to you by Boise Regional REALTORS®. If you have question about what you read here or want to discuss how our current market conditions could affect your personal real estate decisions, please don't hesitate to reach out to me! I'd love …

It is no question that the Boise housing market continues to be hot, fast-paced, and competitive. The average days on market for existing homes dropped to a record low of 10 days. This means homes are selling more than two times faster than they have in the last three years. …

As reported by Boise Regional REALTORS®, builders and prospective home sellers in the Boise housing market continue to prove unable to keep up with homebuyer demand. BRR suggests the following factors as major contributors to the rapid influx of buyers:  

• General population growth
• Millennials “aging into” the …

The fast pace of the Boise housing market over the last several months continues into 2021 and shows no sign of letting up soon. Low inventory, faster market times, and continued low mortgage rates (averaging 2.73% in January 2021 for a 30-year fixed mortgage) have all contributed to increasing home …

Each January, Boise Regional REALTORS® puts out a comprehensive year-end report on the Boise housing market. 2020’s report includes information on how COVID-19 affected the market, as well as yearly real estate statistics and explanations of the factors that played into those statistics and why. If you’re interested, we’d encourage …

Though the Boise housing market typically slows down this time of year, 2020 has proved drastically different. This may come as no surprise to you, since almost everything has proved “different” in 2020. The competitive, fast-paced nature of our market—fueled by low supply and high demand—led to a new record …

Even though we are entering the commonly slower fall and winter real estate seasons, the Boise housing market is now and is expected to continue to be extremely fast paced. Buying or selling in this market can sometimes feel like jumping into tumultuous waters, but we are here to help …