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
