Housing Trends in Boise

Housing Trends Across USA

Lisa from Boise Idaho has brought to our attention the high demand for housing in her real estate market.
Cash Investors are ready, willing and able to purchase your home quickly and for cash if you would like
to sell your home quickly. Thank you Lisa for bringing to our attention the red hot housing market in Boise.

“Here is a look at what’s happening in the Boise, Idaho Real Estate Market:

By any definition we are clearly in a seller’s market here in Boise, Idaho. The current trend in the Boise real estate market – higher home prices, low inventory of homes and extremely high demand.

The available supply of homes is currently at 1.60 months, well below the four-to-six months that most real estate pros would consider a balanced market. In the Boise housing market, this is still the fewest available homes for sale we have seen in ten years. February’s Boise median home price was $207,000 that’s an increase from $194,000 last month. That is a 3.5 percent increase from last year.

The median New Construction home price in Boise was $275,910 in February. Builders simply can’t keep up with demand. Most homes are being sold before construction even begins.

No doubt prices are headed higher.”

Lisa Kohl
Home Defined Realty

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