Boise Idaho Real Estate Market Report May 2019

By
Real Estate Agent with Juniper Realty Group at Silvercreek Realty Group SP38480

MORE INVENTORY IN ADA COUNTY HELPED MODERATE HOME PRICES IN APRIL

  • 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

 

 

Posted by

Do you need to Sell before you Buy?

Comments (1)

Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

That's important real estate market data for home buyers and sellers in Boise, Mark.

May 30, 2019 09:10 PM

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?