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Blog Post Boise Area Market Report December 2022

Boise Area Market Report December 2022

Compared to the last several years, 2022 brought a new set of challenges and opportunities. Demand for housing peaked during the pandemic, with too many buyers chasing too few homes, which lead to bidding wars and a highly competitive market. The Fed’s efforts to reset the ...
Blog Post Boise Area Market Report November 2022

Boise Area Market Report November 2022

For the first time since October 2014, the median sales price for homes in Ada County dropped year-over-year. In November, the median sales price of homes sold was $525,000 — 2.5% lower than in November 2021 and 6.5% less than in October 2022.Home prices are driven by suppl...
Blog Post Boise Area Market Report October 2022

Boise Area Market Report October 2022

The median sales price for homes in Ada County was $561,500 in October, up 4.0% from the month prior and 5.4% higher than October 2021. Until last month, there have been month-over month declines in the median sales price since the peak of $602,250 in May 2022. We haven’t s...
Blog Post Boise Area Market Report September 2022

Boise Area Market Report September 2022

The median sales price for homes in Ada County was $540,000 in September, down 4.4% or $25,000 from the month prior, but 0.9% higher than September 2021. The median sales price dropped for the last four months, but we’ve yet to see a year-over-year decline in overall prices...
Blog Post Boise Area Market Report July 2022

Boise Area Market Report July 2022

The median sales price for homes in Ada County was $589,990 in July, down 0.4% from June but 9.3% higher than July 2021.  Buyers who purchased in recent months faced larger monthly mortgage payments due to higher mortgage interest rates and home prices, which has had a ...
Blog Post Boise Area Market Report June 2022

Boise Area Market Report June 2022

After passing the $600,000 mark in May 2022, the median sales price for homes in Ada County dropped to $592,090 in June. This was 12.8% higher compared to the same month a year ago. Since 2005, the average year-over-year percent change in home prices in Ada County has been 8.1%.T...
Blog Post Boise Area Market Report May 2022

Boise Area Market Report May 2022

The median sales price for homes in Ada County reached $602,250 in May 2022, an increase of 16.1% compared to the same month last year, and a new record for the county.Like we saw in March and April, higher prices in the new construction segment contributed to overall price jump....
Blog Post Why a Real Estate Professional Is Key When Selling Your House

Why a Real Estate Professional Is Key When Selling Your House

With today’s real estate market moving as fast as it is, working with a real estate professional is more essential than ever. They have the skills, experience, and expertise it takes to navigate the highly detailed and involved process of selling a home. That may be why the...
Blog Post What’s Happening with Mortgage Rates, and Where Will They Go from Here?

What’s Happening with Mortgage Rates, and Where Will They Go from Here?

Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ago. Here’s a visual to show how ...
Blog Post MORE HOMES FOR SALE IN ADA COUNTY AS HIGH PRICES ENCOURAGE SELLERS

MORE HOMES FOR SALE IN ADA COUNTY AS HIGH PRICES ENCOURAGE SELLERS

The median sales price for homes in Ada County was $530,500 in August, down nearly $10,000 from July, although 32.2% higher than the same month last year.   While our region has faced insufficient supply compared to demand for years — the main driver of home price...
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