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.
The National Association of Realtors estimates that 13.1 million homeowner households, roughly 15% of all owner-occupied households, already have unrealized gains above the capital gains exclusion available to them. This means these homeowners built up more home equity than the federal capital gains tax exclusion for single filers protects when they sell their primary homes.
In markets where housing costs have increased dramatically, exposure is largely the result of time: Owners bought decades ago, when local prices were still within reach for middle-income households; Then, ordinary appreciation did what ordinary appreciation is supposed to do—build wealth—until it pushed them past the exclusion limit.
Part of the problem is that those limits haven’t changed since 1997, but since then, the exclusion’s real purchasing power has been cut roughly in half when adjusting for inflation. Meanwhile, the median home price more than tripled over the same period, rising from about $129,000 to $419,300 today.
The cost of that rising exposure reaches beyond the homeowners who might be facing a tax bill. When selling becomes more expensive, fewer homes come onto the market—and that can deepen the affordability problem for everyone else.
Source: Realtor.com
Idaho Holdings LLC submitted an application to annex 200 acres in northwestern Meridian for residential and industrial development. This is part of a wider proposed development called The Fields which would expand to 480 acres with 1,000 planned residential units, 50 acres of industrial land and some commercial development.
Source: Idaho Statesman
Construction began for The District on Ten Mile in Meridian under the developer Tommy Ahlquist. Currently being built are two industrial buildings, a law-enforcement focused daycare and a gym. Plans include future storefronts for Target, Panera Bread, Zao Asian Grill, Taco Bell and others. There are also plans for 400 townhomes.
Source: Idaho Statesman
The Whitewater Park land has been cleared by Boise City Council for townhome construction. This zoning change comes as the Boise housing market made affordable housing development untenable. Homes would have been in the $500,000 to $800,000 cost range while the new planned townhouses would be more affordable.
Source: Idaho Statesman
Brighton Development submitted a plan to the city of Meridian to develop 570 units in zones with varying density. The plan is currently in its preliminary phase and may soon move forward with a formal application.
Source: Boise Dev
The College of Western Idaho (CWI) is poised to supply Micron with new technicians for its Boise fabrication plant opening in 2027. CWI’s mechatronics program grew from 16 students per semester in 2022 to 40 in 2026. The program’s enrollees then have a pathway into Micron’s Registered Apprenticeship program for hands-on training. These technicians make up a majority of the jobs at the facility according to Shijuade Kadree, the Micron Senior Director of Culture and Workforce Strategies.
Source: Boise Dev
Other Real Estate News
- Real Estate News | New home regulatory costs up 40% in 5 years, study finds
- Nar.realtor | How to talk about housing without losing the room
- Realtor.com | Homeowners cant find contractors or electricians. The AI boom is to blame
- Bankrate | Mortgage rates dip below 6.5% as Fed Holds Steady
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.
