2017 Residential Real Estate Market Report
For the past few months (and years), we’ve been focusing on the causes and effects of low inventory in our local housing market… and for good reason. December 2017…
More New Construction Homes Available Than Existing in Ada County
Ada County hit another record low for inventory in December 2017, with just 1,391 homes for sale — a 6.6% drop from December 2016. While we’ve discussed the lack of…
$3 Billion Worth of Homes Have Sold in Ada County, Setting New Record
Ada County home sales surpassed the $3 billion-mark for the first time, based on Total Dollar Volume figures year-to-date, January 1–November 30, 2017. Historically, the month of December adds another…
Many Reasons for Lack of Entry-Level Housing Inventory in Ada County
October 2017 marks a full three years of falling inventory, specifically in the number of existing homes for sale in Ada County. There were 1,023 existing homes for sale in…
Is it a Seller’s Market for Everyone? A Tale of Two Homes in Ada County
A recent USA Today article discusses how high demand and low supply have made it a seller’s market, especially for lower-priced homes. However, “that does not mean every house will…
Fast-Moving Housing Market Continues to be Driven by Demand
Despite rising home prices, today’s housing market doesn’t have much else in common with the market we saw prior to the recession. The Boise Region’s housing market is being driven…
Ada County Home Prices Reach New Record in August While the Pace of Growth Steadies
Three main factors continue to drive housing demand in Ada County — increased economic development, limited housing supply, and a growing population — resulting in a record high median sales…
2017 Mid-Year Housing Summit Recap
Thanks to everyone who attended the 2017 Mid-Year Housing Summit from Boise Regional REALTORS®. If you missed the event, don’t worry! A summary of the discussions and links to the…
Buyer Demand and New Construction Pricing Drive the Boise Region’s Home Prices to Record Highs
Ada County’s median sales price in June 2017 reached $273,950, an increase of 8.7% over June 2016. The median sales price in Canyon County reached $184,000 last month, an increase…
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…
