Monthly Homes Sales

Boise ID Real Estate Sales Statistics – July 2017

As expected and normal, Boise real estate sales were lower than last month with 1188 homes sold during the month of July 2017. That compared to July of last year when 1151 homes sold. Of those sold this year, 246 homes were new construction compared to last year when 204 new construction homes were built.
The days on market number continues to remain low so expect the prices to continue to increase.
Another interesting statistic is the number of homes listed during the month of July 2017 -… Continue Reading Boise ID Real Estate Sales Statistics – July 2017

Boise Real Estate Sales Statistics – June 2017

Boise real estate sales continue to heat up. In June 2017, 1335 sold – 325 of which are new construction. That’s up over June 2016 when 1277 homes sold. New construction seems to be continuing its path with new subdivisions coming on line quickly. Prices continue to increase, Days on Market continues to be single digit.

Here’s the breakdown for the various areas:

North Boise

Homes Sold – 64 (14 of which were new construction)
Median List Price – $389,625
Median Sales Price -… Continue Reading Boise Real Estate Sales Statistics – June 2017

Boise Real Estate Sales Statistics – May 2017

Summer is here and although it still feels like spring, Boise real estate sales are hot! Every area had an increase in number of homes sold. And almost all areas have single digit Median Days on Market. The days of multiple offers and homes selling in a single day are back (actually have been for a while). It really is a seller’s market in the Boise area. New construction continues to do very well – most builders are overwhelmed with the number of build jobs they have in the works.

Home … Continue Reading Boise Real Estate Sales Statistics – May 2017

Boise Real Estate Sales Statistics – April 2017

Another good month of Boise real estate sales with 945 homes sold in April 2017. That’s up from March 2017 by 35 homes and up year over year 75 homes from April 2016. The most telling statistic is Median Days on Market. All area of Boise are single digit which tells me that we’re still having a serious shortage of homes for sale. I expect new construction to continue to do well throughout the summer and into next year.

Here’s the breakdown for the various areas:

North Boise

Homes … Continue Reading Boise Real Estate Sales Statistics – April 2017

Boise Real Estate Sales Statistics – March 2017

As I expected, real estate sales jumped dramatically in March 2017 with 910 homes sold. The pent up demand drove homes sales up 64% month over month (February vs March) with days on market continuing to fall in every area. Home prices continue to increase in every area. New construction continues to drive the market due to the lack of inventory in existing homes. I expect sales to continue to increase throughout the summer and into the fall as demand is exceeding supply.

Here’s the breakd… Continue Reading Boise Real Estate Sales Statistics – March 2017

Boise Real Estate Sales Statistics – February 2017

Homes sales in the Boise area are down again this month with 589 homes sold in February 2017. Can’t blame it on the weather this month but lack of inventory of existing homes continues to be a problem. Home prices are continuing their upward trend.

Here’s the breakdown for the various areas:

North Boise

Homes Sold – 28 (2 of which were new construction)
Median List Price – $387,950
Median Sales Price – $385,500
Median days on market – 8 days

Northeast Boise

Homes So… Continue Reading Boise Real Estate Sales Statistics – February 2017