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…
Clarifications to the Media Coverage of the May 2017 Market Report
You may have read the latest IBR article which led with average home prices in Ada County. We wanted to clarify a few of the points noted, in case you…
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…