In many ways, our Boise housing market update may sound a bit like a broken record.  Just as we’ve reported in previous months, prices continue to increase.  August brought in a new record high median sales price of $400,000.  This is up 2.6% from last …

By Keeping Current Matters

The year 2020 will be remembered as one of the most challenging times of our lives. A worldwide pandemic, a recession causing historic unemployment, and a level of social unrest perhaps never seen before have all changed the way we live. Only the real estate market …

July was a month for record setting in the Boise housing market! 

• The median sales price reached $390,000. (Up 4 % from June 2020 and 11.7% from June of last year)

• Inventory dropped to only 743 available homes. (Down 31.5% from last month and 56.8% from …

As expected, the gradual reopening of Idaho brought about a gradual increase in sales for the Boise housing market.  In fact, the number of closed homes was up 37.5% from last month!  Pending sales were up 4.2% from last month, and more impressively, were up 17 …

Though we expect the Boise housing market will be one of the strongest in the country over the coming year, the COVID-19 pandemic and its related protocols have certainly slowed our typical spring market activity.  With both buyers and sellers adhering to local stay-home orders and avoiding non-essential transactions …

As expected amidst the COVID-19 pandemic and Idaho’s associated stay-home order, Boise housing market activity has been down in comparison to the typical spring hype.  There were 761 homes sold in April, which is 19.5% fewer than the same month last year.  However, slowed activity did not …

There have been a lot of questions on how COVID-19 and Idaho’s stay-home order have affected the Boise housing market.  Under the order, which went into effect on March 25th, real estate is considered an essential service.  This means buyers and sellers who were in contract on a …

In February, the Boise housing market experienced the lowest inventory of single-family homes since at least 2004, when the Intermountain MLS started tracking inventory.   A mere 1,039 homes were available for sale at the end of February—only 344 of which were existing homes.  Overall, inventory was down …

With January’s median home price coming in at $363,000, the first month of 2020 marked yet another record breaking high for the Boise housing market.  This is due in large part to the increasing market share taken up by newly constructed homes, which are generally made more expensive …

After the median sales price for homes in Ada County hit a record high of $359,900 in November 2019, the Boise housing market prices experienced an expected dip in December to $350,000.  If we account for all the months of 2019, the median sales price for the …