2017 vs. 2018 Boise Idaho Real Estate Market Comparison

Available Listings @ Year-End

• 2017: 1,514
• 2018: 1,516
• % Change: No Change

Months’ Supply of Listings @ Year-End

• 2017: 1.6
• 2018: 1.6
• % Change: No Change

Pending Sales @ Year-End

• 2017: 995
• 2018: 1,049
• % Change: +5.4%

Total Annual Closed Sales

• 2017: 11,234
• 2018: 11,540
• % Change: +2.7%

Average Sales Price@ Year-End

• 2017: $315,783
• 2018: $371,023
• % Change: +17.5%

Median Sales Price@ Year-End

• 2017: $275,672
• 2018: $324,900
• % Change: +17.9%

Boise Idaho Real Estate Market Summary:

• 2018 year-end listing inventory is equal to 2017.
• 2018 year-end months’ supply of listing inventory is equal to 2017.
• 2018 year-end pending sales increased 5.4%
• 2018 year-end average increased 17.5%.
• 2018 year-end median price increased 17.9%.
• Our lack of listing inventory is driving rising sales prices as buyers compete for scarce listings.
• We would probably be selling more homes if we had more listing inventory.
• New home sales are benefitting from the severe lack of resale listing inventory.
• 604 (39.9%) of our 1,514 available listings are TBB (To Be Built) or UC (Under Construction) homes that aren’t viable options for buyers wanting to buy and close promptly.
• There are only 910 existing homes for sale in Ada County, in all price ranges, spread over 17 MLS areas.

Data pertains to Ada County single-family homes on lot or acreage.

Data does not include condo or townhome properties.

Data extracted from Intermountain MLS on 1/6/19.

Boise Idaho Community Information

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