Boise Residential Realtors Release Market Analysis

The Boise Residential Realtors (BRR) analysis of the October market was released this week, summarizing sales prices, days on market, and overall inventory of existing single family homes throughout Ada County.  

When comparing data from the same date, year over year, we are able to notice slight shifts in the market, helping our clients feel knowledgeable and informed about the right times to sell and the best offers to present. 

Regional statistics show a strong and steady real estate market, making this a balanced and even environment for both buyers and sellers alike.  A slight, yet stable increase in values is welcome news for homeowners and those looking to list their property this year.  And inventory is also a touch higher than last year at this time (up 10% year-over-year), giving buyers more choices and increased opportunity to find their dream home.  

 Digging into the numbers a bit more, BRR reports that existing single family homes are spending a bit more time on the market this month than last - this is very typical this time of year, as potential buyers get busy with the holidays or lean in to slowing down as the seasons change.  

Overall, the statistics reflect a healthy market that remains strong in Quarter 4.  With nice inventory that gives buyers more options, and median home sales prices up 2.1% from last year, whether looking to list a home or purchase one, real estate clients are in a position to feel confident about their move.