Boise Idaho Real Estate Market Report May 2019

• An increase in total inventory and a slight decrease in the share of new home sales last month helped hold home prices steady between March and April.

• Comparisons to 2007 are typical when median prices go above $300,000, but in doing so, one must adjust prices for inflation.

• Adjusting for inflation, new homes today are comparatively less expensive than in 2007 when prices were driven by speculation. Current new home prices are impacted by land, labor, and material costs, as well as the low number of “move-in ready” options,  compared to demand.

Those thinking about selling or buying shouldn’t be concerned with ‘timing the market,’ because the best time to buy or sell is when it fits your needs and circumstances.   READ MORE HERE

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