2019 Idaho Real Estate Blog

June 2018 Boise Real Estate Report Main Idaho Real Estate Insights

June posted another strong month of home sales. While the #'s are strong for June, we are starting to hear signs of change. Is it just because of the July 4th holiday, which was in the middle of the week or is change coming?

Home Values: Boise, Eagle, Kuna, Meridian, Star Overview

  June 2018 June 2017 % Year-Over-Year
Median Value- New Homes $393,705 $362,224 +8.70%
Median Value- Existing Homes $299,900 $280,000 +7.10%
Total Homes Sold 1,166 1,194 -2.35%
Days on Market 26 34 -23.53%
Available Inventory 1.62 Months 1.55 Months -1.05%

 

Home Values: Caldwell, Middleton, Nampa Overview

  May 2018 May 2017 % Year-Over-Year
Median Value- New Homes $262,736 $239,000 +9.93%
Median Value- Existing Homes $211,000 $175,350 +20.33%
Total Homes Sold 473 493 -4.06%
Available Inventory 1.69 Months 1.52 Months -11.1%
Days on Market 25 29 -13.8%

 

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One change that we are hearing (or not hearing?) is mulitple offers are not frequent? Normally the market is strongest in spring so multiple offers are more common but the pace has been so strong it seems to have disapated fast.

One other piece of information that we heard this week from a reliable source is that mechanical leans are on the rise. more to come on that soon!

 

Trey Langford

 
Posted by tlangford at 7/22/2018 12:13:00 AM
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Michelle Penick, Build Idaho Client Real Estate Services

Michelle Penick

Client Care Team
208.629.0217 | [email protected]

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