The status of the Boise housing market as we close out 2019 is representative of the entire last year—low inventory + high buyer demand = increased home prices.  Our low inventory situation is best represented by our month’s supply of inventory calculation.  For November, that was 1.8 months.  …

As is often common for the Boise housing market during October, November, and December, price appreciation nearly leveled last month.  The median sales price for October 2019 came in at $352,000, just 0.6% higher than the median price for September.  We don’t anticipate prices going down …

Though fall is historically characterized by a decrease in Boise housing market inventory, this September boasted more homes for sale than were available in either July or August.  This phenomenon is in large part due to a 10.3% jump from August to September in newly constructed homes available …

Since it typically takes 20-45 days after an offer is accepted for a home to officially “close” in the Boise housing market, the closed sales figures for August really represent offers made and accepted 20-45 days prior--in June and July.  Because June and July are often the months of …

This month’s market change was characterized by a slight dip in the median sales price, dropping 1.3% from the previous month but still up 9.7% from the same month last year.  The small month to month drop in the median price was likely affected by a change …

The median home price for Ada County reached a new record high this month coming in at $354,405.  This is a 10% increase from the median price in June of last year and a 7.5% increase from last month!  Although we don’t expect the current pace …

Boise Regional Realtors’ Breanna Vanstrom summarized this month’s Boise housing market update with the following points:

• The existing home median sales price reached a new high at $329,000, up 14.7% from May 2018. Local home prices are being driven by the persistently low inventory of existing homes compared …

As we have been stating for several months now, an increase in housing inventory is needed to help bring balance to the Boise housing market.  In April, we experienced the first signs of movement in this direction as inventory jumped 12.8% above the previous month, and the overall …

Boise Regional Realtors’ Breanna Vanstrom summarized this month’s Boise housing market update with the following three points: 

• New construction sales are gaining more and more of the market share and continuing to influence the overall median sales price. 

• In the existing home segment, the median sales price has …