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Treasure Valley Market Update

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

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935

# Homes Sold 

+7.1%

vs. Last Year

$332K

Median Sales Price

41

Days on Market

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April 2019 Stats for Canyon County

443

# Homes Sold 

+6.5%

vs. Last Year

$248K

Median Sales Price

36

Days on Market

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28

# Homes Sold 

-37.8%

vs. Last Year

$168K

Median Sales Price

17

Days on Market

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April 2019 Stats for Gem County

27

# Homes Sold 

-27.0%

vs. Last Year

$211K

Median Sales Price

45

Days on Market

May 2019 Market Update

➡️Median Home Price in Ada County= $331,900

➡️The number of new construction homes sold is up 56.2% and the median sales price of new homes is $369,000, which is skewing the overall average sales price. The total number of homes sold in Ada County in April 2019 was 935 and over 1/3 of those homes were new construction.

➡️The number of homes sold in Ada County has increased by 7.1% vs. April 2018.

➡️According to the Boise Regional Realtors, an increase in available inventory last month helped hold home prices steady.

April 2019 Market Update

➡️Median 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

➡️Median 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

➡️Median 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

➡️Median 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

➡️Median 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? 

We can explain.

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