With the housing shortage we are having demand for more homes to be listed your home may have a higher value than you think, and if you check on line estimate can be off. Other types of housing that are prevalent in Boise include large apartment complexes or high rise apartments ( 15.64%), duplexes, homes converted to apartments or other small apartment buildings ( 9.12%), and a few row houses and other attached homes ( 5.80%).
Due to the smaller number of sales in the county, the 12-month average is a helpful way of analyzing area price trends, as it adjusts for any months in which a very high- or low-priced home sold that would otherwise be inconsistent with the general market.
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Today, new home prices are being driven mostly by higher land, labor, and material costs, as well as a low level of move-in ready inventory, compared to demand. Elmore County home sales that closed in July flew off the market at record speed, spending only an average of 13 days on the market before going under contract.
Over the next few months, we will be updating our research on affordability, population, wages, inventory, in-migration trends, and more, to provide additional context on our current housing market and how it compares to past market cycles. Then we'll share 10 reasons to invest in the Boise real estate market.
Home sales were up 45.5% from February 2018 in Elmore County, with 32 homes being sold this month. The Boise metro area is the largest population center in Idaho Boise Idaho Homes for Sale and home to the state capital, so it is the largest student market in the state. The year-over-year price gains continue to be driven by more demand than supply.