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.
Homebuyers continue to be saddled with high mortgage rates, which have been hovering close to 7%. Despite these higher rates, nationally mortgage applications have ticked up in recent weeks after multiple weeks of decline.
And when the time comes to close the deal, homebuyers need to be prepared to bring money to the table- and they’ll pay more in closing costs in some states. Delaware leads the way with 2.99% of closing costs based on sales price, these percentages range nationally from 0.5% to 3%. Idaho is on the lower end nationally at 0.7%.
Annual inflation picked up in May after falling to a four-year low the month before as housing costs increased-but a key metric showed that inflation has continued slowing despite new tariff policies taking effect.
Overall prices increased by 2.4% last month from a year earlier, up from 2.3% in April but flat with March according to the U.S. Labor Department’s consumer price index (CPI) data.
As previously, housing—termed “shelter” in the CPI release—was the “primary” inflation driver, growing by 0.3% month over month. However, the 3.9% annual increase in that category was the lowest rate since late 2021.
The average rate on 30-year fixed home loans ticked down to 6.84% for the week ending June 5, down from 6.85% last week, according to Freddie Mac. Rates averaged 6.95% during the same period in 2024.
After a lackluster spring, the summer housing market could bring a burst of activity as home shoppers take advantage of a more buyer-friendly market.
A new family medicine residency program is starting this summer at St. Alphonsus Hospital in Nampa. After years of planning, six resident physicians will begin training with the hope of retaining these residents after completion of the program. Based on research findings, most residents settle within 100 miles of where they trained. Idaho is usually towards the bottom of most studies showing physician concentrations.
The Idaho Transportation Department announced maintenance work on Highway 55’s Rainbow Bridge spanning the Payette River. The project will continue throughout the summer with one lane travel, except for holiday weekends when the two lanes will be reinstated, although with much narrower lanes. There will also be flaggers on the river for the safety of those rafting beneath the bridge.
Other Real Estate News
- Realtor.com | Investors Are Selling a Record Share of Homes To Cut Their Losses—Especially in These 5 States
- HousingWire | Will the 2025 housing market crash like 2008?
- Redfin | Is Now a Good Time to Buy a House?
- Redfin | The U.S. Housing Market Has Nearly 500,000 More Sellers Than Buyers—the Most on Record
- RisMedia | As the Market Shifts, New Opportunities Emerge…but Are Agents Ready?
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.
