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Treasure Valley Market Update

*Real Estate Stats are courtesy of the Boise Regional Realtors ~ BoiRealtors.com

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823

# Homes Sold 

-5.3%

vs. Last Year

$335K

Median Sales Price

50

Days on Market

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March 2019 Stats for Elmore County

45

# Homes Sold 

+15.4%

vs. Last Year

$167K

Median Sales Price

13

Days on Market

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24

# Homes Sold 

+33.3%

vs. Last Year

$204K

Median Sales Price

32

Days on Market

April 2019 Market Update

➡️Average Home Price in Ada County= $335,000

➡️The number of homes sold in Ada County has decreased by 5.3% vs. Mar. 2018.

➡️New construction sales are impacting the overall median sales prices. 

➡️Buyer demand continues to grow, yet we only have a few months of inventory available.

March 2019 Market Update

➡️Average Home Price in Ada County= $324,800

➡️Number of homes sold in Ada County has increased by 10.1% vs. Feb. 2018.

➡️38.6% of the homes sold were new construction.

➡️Boise ranked #1 as the top 100 Best Places to Live in America according to Livability.com!

February 2019 Market Update

➡️Average Home Price in Ada County= $318,000

➡️Number of homes sold in Ada County is down 6.3% vs. Jan. 2018.

➡️The decrease in homes sold could be due to the inventory shortage and the price point being too high for many buyers. However, we still have a large population of people relocating to the area and the job market is getting stronger.

January 2019 Market Update

➡️Average Home Price in Ada County= $324,950

➡️Number of homes sold in Ada County is down 15% vs. Dec. 2017 due to the inventory shortage.  

➡️According to the U-Haul annual migration trends report, Idaho is ranked as the #5 growth state.

December 2018 Market Update

➡️Average Home Price in Ada County= $324,250

➡️Number of homes sold in Ada County is down 3.5% vs. Nov. 2017  

➡️Things may slow down some but people are still relocating to the Boise area because of the low cost of living and great quality of life we offer. 

For a year-end residential market report for the entire 2018 calendar year: CLICK HERE

How do these numbers affect you? 

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