We’re excited to bring you our newest “Market Stat Sheets.”
Same great data, quicker reads.
Looking for local analysis, like our previous press releases? You’ll find them as smaller, more digestible snippets throughout the Market Stat Sheets. Take a look, wander around, and let us know if you have any questions!
MEDIAN SALES PRICE —
- The single-family Median Sales Price took a break from its $30,000 month-over-month spike last month but still bumped up $1,500 since March.
- Resale homes recovered slightly from month-over-month hikes in April, easing by nearly $2,000 compared to March 2024.
HOMES SOLD —
- We’re up by about 100 home sales in Ada County compared to the previous year, a strong start to the Spring season.
- New builds had the highest sales counts in April since March 2023 (324 sales).
PENDING SALES —
- Ada County hasn’t seen this frequency of pending sales since June 2022.
- April’s resale pending sales outshined all months since May 2022, up by 120 new contracts since March 2024.
INVENTORY —
- April 2024 marked the strongest year-over-year jump (+19.9%) since March 2023 (+89.3%).
- With a spike in pending contracts, home sales, and market speeds, increased inventory is a welcome friend.
DAYS ON MARKET —
- Single-family market speeds accelerated to Summer 2023 speeds this month.
- Resale’s Days on Market shrank beyond what we’ve seen since June 2022 (14 days).
- New builds sold 8 days faster in April compared to March
A MESSAGE FROM BRR’S PRESIDENT —
- “April experienced a seemingly balanced boost to all areas of the market: while market demand increased, so did the available number of homes. We’re excited to see the uptick in both buyer and seller activity.” ~Elizabeth Hume, Boise Regional REALTORS® 2024 President
Other Real Estate News
- NAR | National Association of REALTORS® Reaches Agreement to Resolve Nationwide Claims Brought by Home Sellers
- Yahoo Finance | Barbara Corcoran Says Housing Prices ‘Are Going To Go Through the Roof’ — But When?
- CNBC | A 20% Home Down Payment Isn’t ‘the Law of the Land,’ Analyst Says. Here’s How Much People are Paying
- Bankrate | Is the Housing Market Going to Crash? What the Experts are Saying
Please note: Some news outlets may protect their content with paid subscriptions. While we try to refrain from sharing articles that may not be accessible to everyone, we may share them if important to the industry.
Additional information about trends within the Boise Region, by price point, by existing and new construction, and by neighborhood, are now available here: Ada County, Elmore County, Gem County, and Condos, Townhouses, and Mobile/Manufactured Homes Market Reports. Each includes an explanation of the metrics and notes on data sources and methodology.
Ada County
Canyon County
Elmore County
Gem County
Condos…
Download the latest (print quality) market snapshot graphics for Ada County, Ada County Existing/Resale, Ada County New Construction, Elmore County, and Gem County. Since Canyon County is not part of BRR’s jurisdiction, we don’t publicly report on Canyon County market trends. Members can access Canyon County snapshots and reports in the Market Report email, or login to our Market Statistics page. Boise and Owyhee County snapshots can also be accessed on our Market Statistics page.
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The data reported is based primarily on the public statistics provided by the Intermountain MLS (IMLS), a subsidiary of Boise Regional REALTORS® (BRR). 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. If you have questions about this report, please contact BRR’s Director of Communications Taylor Gray at 208-947-7238. For notes on data sources, methodology, and explanation of metrics, visit boirealtors.com/notes-on-data-sources-and-methodology.
If you are a consumer, please contact a REALTOR® to get the most current and accurate information specific to your situation.
Boise Regional REALTORS® (BRR), a 501(c)(6) trade association, represents real estate professionals throughout the Boise region. Established in 1920, BRR is the largest local REALTOR® association in the state of Idaho, helping members achieve real estate success through ethics, professionalism, and connections. BRR has two wholly-owned subsidiaries, Intermountain MLS (IMLS) and the REALTORS® Community Foundation.
“REALTOR®” is a federally registered collective membership mark which identifies a real estate professional who is member of the National Association of REALTORS® (NAR) and subscribes to its strict Code of Ethics.
