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Boise Regional REALTORS®

MARKET REPORT
February 2018

 
ADA COUNTY HOME PRICES HIT RECORD HIGH AS INVENTORY DROPS TO RECORD LOW
 

Boise being named one of the fastest growing cities has certainly brought a lot of additional attention to our region lately, but our market reports have been reflecting that growth for months, most evident through buyer demand vs. supply and its impact on home prices.

In February 2018, inventory was down 18.8% from the previous year, with a record low of 1,205 homes available for purchase, compared to 1,513 homes that were under contract, up 16.1% year-over-year. The result was a new high median sales price for Ada County of $297,500, up 16.7% over the same month last year.
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In addition to the monthly analysis, BRR provides Ada County, Canyon County, Gem County, and City Data Market Reports, looking at existing and new construction trends. 

Ada Snapshot
Canyon Snapshot
Gem Snapshot