For all of you that are "holding out"...NOW is the time. We have more homes for sale right now than we have ever had and in order to keep a balanced, healthy market we need to get through our inventory. If you've been kicking around the idea of buying a bigger home, now is an excellent time to buy up! We have 13 months worth of inventory on homes $300,000+. Now, this does not mean that if you are selling a home over $300K that you can expect it to take 13 months. The number of homes for sale divided by the number of homes selling per month = the number of months of inventory. NW and SE Boise are selling the quickest with 3 months of inventory.

Inventory increased by another 145 units crossing the 5,000 mark for an all-time record high! This is why the market feels the way it does, it is simply supplied and demand.

Average Cost of a home sold this month - $281,869 (last month, $287,163). This is 1% higher than last year for this month.

Resale inventory - 3393 up from 3196 last month. Last year at this time there were 1964 homes for sale in the resale market. 07/05 was the low point in resale inventory at 657.

New Construction inventory - 1650 down slightly from 1702 last month. Last year at this time there were 1589 new homes for sale. 09/05 was low at 666.