Sellers Take Note: No Signs of a Slow Down in Summer Home Sales
In May 2017, the average Days on Market (the cumulative number of days between when a property is listed and when it goes pending) for homes in Ada County was…
Pending Sales of Existing Homes Outpace Inventory in the Boise Region
Homes under contract, also called “pending sales,” are properties with an accepted offer that should close within 30-90 days. Because homes don’t typically go pending and close during the same…
Low Inventory of Existing Homes Continues to Drive Prices
The continued shortage of inventory compared to buyer demand has pushed the median sales price of existing/resale homes up near the record high in Ada County and set a new…
Spring Hits Ada and Canyon County Housing Markets
As expected, warmer weather brought more buyers out in February, pushing pending sales in Ada County 25.7% higher than the previous month, with 1,303 homes going under contract. Though pending…
Residential Perspective on the Recent BOMA Meeting
A few members have asked for our thoughts on the IBR article about a recent BOMA meeting. At that event, speakers discussed the need for commercial real estate professionals and…
Snow Hits January Housing Market… Sort of
While most of the white stuff has melted, January’s historic snowfall had an effect on the local real estate market… sort of. Between extended school closures, below freezing temperatures, poor…
Boise Regional REALTORS® 2016 Residential Real Estate Market Report
Record High Prices Due to Record Low Inventory — Not Market Speculation Summary Despite the fact that the local median sales price reached a new record midway through 2016, there…
Existing Housing Inventory Hits Record Low in the Boise Region
December 2016 saw a new record for inventory in Ada County when looking at trends over the past decade, falling below the previous record low of 1,664 from January 2013,…
Ada County Inventory of Homes for Sale Near Historic Low
The low inventory of homes for sale in Ada County has driven home prices for months now. In November 2016, there were only 1,730 homes for sale in Ada County,…
Boise Housing Market Remains Strong, Unaffected By Elections
Elections occur during the seasonal, annual slowdown in the real estate sales cycle and don’t typically have a short-term impact on the housing market. This year is no exception. Year-over-year…
