Mortgage rates remain around 6.6% moving from March to April 2025. Rates are expected to remain around these levels in the near term as changing federal economic policies have lead to general market uncertainty.
Several proposed tariffs by the President have caused market reactions across sectors, real estate included. Tariffs on Canada and Mexico have the potential to increase housing construction costs. Tariffs that would impact the cost of lumber from Canada and gypsum (a key ingredient in drywall and plaster) from Mexico are the biggest concern for our housing market. According to Realtor.com,18% of homes listed for sale across the country were newly built. New construction plays a larger role in certain states than others, particularly states where housing is scarce and the need for additional housing in the strongest.
In Idaho, 40% of active listings on the market in March 2025 were new builds, this is the highest of any state currently.
A recent report from the Idaho Department of Labor showcased information about jobs currently available in Idaho. When compared to last year, the number of active job postings in Idaho has increased 20% and advertised salaries associated with these jobs have increased 31%. Job postings in retail are considerably lower than this time last year, but higher skilled job opportunities (nurses/software developers) have increased significantly.
Other Real Estate News
- The Washington Post | Home prices are dropping in some cities. See what it’s like in your neighborhood.
- Forbes | How Emerging Market Real Estate Investors Can Assess And Mitigate Risk
- KTVB | Growing Idaho: Is the housing market normalizing?
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 existing and new construction, are now available here: Ada County, Elmore County, Gem County, Four Rivers Region (coming soon), 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, Boise County, Elmore County, Gem County, Malheur County, Payette County, and Washington 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. Our Owyhee County snapshot 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, Boise Regional REALTORS®, and Idaho Policy Institute 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 Growth & Strategic 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.
