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Boise Idaho Real Estate Statistics for 2023

By
Real Estate Agent with Progressive Realty (Boise Idaho) www.Progressive-Realty.info DB-17066

Going into 2023, it is a much different story than going into 2022.  We actually have a lot of inventory to choose from in most areas and price points.  Here is a quick snapshot:

These numbers don't mean much without some historical reference. Therefore, here is the same analysis for December of 2022.  You will see that there were 641 single family homes closed in December of 2022.  That means we have less than 2 months of inventory on the market staring 2023. Most economists say between 3-6 months of inventory is a stable market.

 

Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Thank you for your update.  I have friends that moved to Star and Meridian a couple of years ago and like to keep up on the areas.  It is interesting to see the low inventory with days on market on the high side. 

Jan 01, 2023 01:21 PM
Jim Paulson

I hope you were able to collect referral fees from them. :)  Prices were inflated due to all the bidding wars.  When things cooled down with the higher interest rates, some sellers were slow to respond.  The market is much healthier now.

Jan 01, 2023 02:10 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jim it has been ages since we connected wishing you a very happy and Prosperous 20223, Endre

Jan 01, 2023 11:12 PM
Jim Paulson

Endre Barath, Jr. thank you my friend!  I am going to reach out to some of the Realtor associations and larger brokerages in California to see about teaching classes for NAR or the National Association of Home Builders.  If you know of any of the education directors please send me their contact data.  I will be in Anaheim for the NAR Convention in November and hope to see you in person then if not before.  Wishing a Prosperous 2023 as well!

Jan 24, 2023 01:08 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Jim... we also have just under two months of inventory although it's twice what it was last year... those home sellers are still in the "driver's seat" so long as their homes are staged right, marketed right, and priced right. Happy New Year to you and yours.

Jan 02, 2023 05:50 AM
Jim Paulson

Nina Hollander, Broker our market is starting to stabilize again.  I like this slower paced realistic market.

Jan 24, 2023 01:09 PM
Nina Hollander, Broker

Jim Paulson hi Jim... certainly much easier on buyers!

Jan 25, 2023 12:48 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jim, great market update for Boise, and hope you have a GREAT 2023 YEAR! 

Jan 02, 2023 07:57 AM
Jim Paulson

Thank you Joan Cox I hope you crush your goals this year!

Jan 24, 2023 01:10 PM