Boise Idaho Housing Snapshot November 2015

The Most Notable statistic again this Month is the level of inventory of homes currently at 2.7 months!   As a result, There was also a rise in home prices in Boise  For the month of November.  The number of homes closed in Boise Idaho in November, however were notably down from October (773 to 621).   These indicators point to possibly being the perfect time to sell  a home in Boise Idaho. If you are considering buying a home in Boise Idaho or the surrounding areas you can still find deals on a house, but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our our best listings do sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the  Boise home on which you are making an offer.

 

If you are interested in how much current inventory is on the market in Boise you can find that information by clicking on the link.  Currently in Boise Idaho, homes have a median time of 50 days on the market (vs 45 in October) before they sell. This would suggest that buyers are in a great position to make an aggresive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. 

 

 

Chart represents data from Boise Idaho Zip Code 83706.  See data for other Boise Idaho area zip codes here.