Can people just stop with saying the housing market is crashing in Boise, Idaho??
It’s simply not true, and the data doesn’t lie.
I mean, I understand the shaky state of our economy, which directly affects the Boise housing market, but as I’ve been closely tracking the Boise Housing Market data for the last year, we had an initial drop of about 10-15%, which we knew needed to happen to stabilize from the peak, but as of now, we are entering a stabilization, and really, at least for the data in April, the home sales prices have gone up, the days on market have gone down, and the number of homes sold have gone down.
Almost all areas saw an increase of median sold home price.
Most areas saw a decrease in days on market.
Most areas also saw a decrease in number of homes sold –
That data is key!
When home prices ⬆ and number of homes sold ⬇, and days on market ⬇, you know what’s going on?
LOW INVENTORY!
Say it again for the people in the back – LOW INVENTORY IN THE BOISE HOUSING MARKET!
And that is exactly what we have going on.
Nampa and Caldwell’s prices remained the most stable.
And remember that smaller markets like Middleton and Emmett will show large fluctuations month to month due to smaller sample sizes.
If you want to sell, please contact us! We have BUYERS waiting. And if you want to buy….of course we are here for you always, too.
Please reach out for a free consultation to discuss when it is right for you to buy or sell a home in the Boise Idaho housing market.
