Year-over-year percent changes may look extreme due to small sample sizes. These reports are provided by Boise Regional REALTORS®, the largest local REALTOR® association in Idaho, with  two wholly-owned subsidiaries — the Intermountain Multiple Listing Service, Inc. (IMLS) and the REALTOR® Community Foundation. These reports are based primarily on the public statistics provided by the IMLS, available at: intermountainmls.com/Statistics/Static.aspx. These statistics are based upon information secured by the agent from the owner or their representative. The accuracy of this information, while deemed reliable, has not been verified and is not guaranteed. These statistics are not intended to represent the total number of properties sold in the counties or cities during the specified time period. The IMLS and BRR provide these statistics for purposes of general market analysis but make no representations as to past or future performance.  || The term “single-family homes” includes detached single-family homes with or without acreage, as classified in the IMLS. These numbers do not include activity for mobile homes, condominiums, townhomes, land, commercial, or multi-family properties (like apartment buildings). If you are a consumer, please contact a REALTOR® to get the most current and accurate information specific to your situation.

Explanation of Metrics

Closed Sales — A count of the actual sales that have closed; Median Sales Price — The price at which half the homes sold for more, and half sold for less; Days on Market — Average, cumulative number of days between when a property is listed and when it goes pending; Pending Sales — A count of the homes that were under contract, and should close within 30-90 days; Inventory — A count of the homes for sale on the 11th day of a given month following the one reported; Months Supply of Inventory — Takes the number of homes for sale divided by the average number of closed sales by month for the preceding twelve months. A balanced market—not favoring buyers or sellers—is typically between 4-6 months of supply. For areas with fewer total transactions, the median sales price reported is based on a rolling 12-month median. This smooths out potential month-over-month swings due to seasonality, very high or low sales prices that may occur one month but are not common, or other activity that may not be representative of the overall price trends for the area or market segment. || Copyright © 2021 Boise Regional REALTORS®

Citing BRR and IMLS as a source

Data from BRR Market Reports and public statistics provided by the IMLS may be used when the following source is included, “Data from Boise Regional REALTORS® (BRR) in partnership with the Idaho Policy Institute and the Intermountain MLS (IMLS) as of [DATE]. These statistics are based upon information secured by the agent from the owner or their representative. The accuracy of this information, while deemed reliable, has not been verified and is not guaranteed. The IMLS and BRR provide these statistics for purposes of general market analysis but make no representations as to past or future performance.”

If the data is used in a graphic or other marketing materials, please include the following on the image, “Data from the Intermountain MLS as of [DATE]”. This data and market reports are provided to BRR members as a benefit, and members are encouraged to use this data to promote their businesses. However, please keep in mind that the data and presentation is proprietary, and we appreciate your cooperation in properly citing the source when using this data.

Other resources

The Boise region residential housing market is an important indicator of the region’s economic health. Other factors worth considering when analyzing the overall market: