A note to our readers…
New Two-Phase Market Report Release Starting June 2025
To get you timely data and meaningful insights, BRR is introducing a new two-phase approach to our monthly Market Report releases:
- Phase 1: Snapshots & Graphs — Available earlier (typically between the 8th and 12th of each month), this first release includes high-level graphs and market snapshots. They’re ready for you to share in your newsletters, social media, or client conversations as soon as they drop.
- Phase 2: Market Stat Sheets — By the 16th of each month, we’ll follow up with the full Market Stat Sheets. This is where we dig deeper into the trends, provide key takeaways, and offer a broader interpretation of the data.
This two-phase release schedule is designed to get you what you need, when you need it: a quick look early on and a full picture shortly after.
In late August, Fed Chairman Kevin Warsh signaled that an interest rate hike is possible this fall if inflation does not decline quickly enough. Speaking in Jackson Hole, WY, Chairman Warsh emphasized that the Fed’s main priorities are price stability and maximum employment. Inflation remains above the Fed’s target of 2%; July had a PCE (Personal Consumption Expenditure) inflation rate of 3.7%. Following Chairman Warsh’s speech, markets reacted strongly, increasing the likelihood of a September rate hike from 35% to 57%.
If interest rates increase, the housing market could see continued pressure; higher interest rates generally translate into higher mortgage rates and reduced purchasing power. However, the Fed only controls short-term borrowing rates, while mortgage rates respond to longer-term bond markets and expectations around inflation and future Fed policies.
Source: Realtor.com
Micron Technology’s large semiconductor expansion in Boise is well underway. The expansion is expected to create 17,000 new jobs, with 3,500 of those roles being direct technical positions. To meet the needs of these new positions, Micron is incorporating dedicated technician training facilities and localized workforce development initiatives aimed at addressing skilled-labor demands across the regional economy.
Source: CNBC.com
The City of Middleton recently broke ground on a $68 million wastewater treatment plant expansion; this extension will help meet regulatory water quality standards and accommodate regional growth. The project will most likely take several years, generating temporary construction jobs during development and creating long-term demand for specialized municipal staff.
Sources: KiviTV.com
The City of Nampa has been awarded a $23 million BUILD grant from the US Department of Transportation; the grant will fund infrastructure and safety enhancements. Planned improvements include bridge widening, road resurfacing, ADA-compliant sidewalk additions, and new traffic lights.
Source: Idahonews.com
Other Real Estate News
- Real Estate News | The industry is changing, but an agent’s core job in not
- Nar.realtor | After a cooler summer market, will sales pickup for fall?
- Realtor.com | Modular homes could fix the housing crisis, but they need an image boost
- Bankrate | Is There a ‘Data-Center Effect’ on Real Estate?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 Boise Regional REALTORS® at 208-376-0363. 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.