Boise Real Estate Inventory Decline Leads to Surprisingly Strong Home Price Increases

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Boise Home Sales moving towards new construction.

Price increases due to inventory have surprised a lot of people.

Boise Real Estate has seen almost 36 months of inventory declines and increased home buyer demand. Home price increases have surprised a lot of people who can now afford to refinance or sell their home. Many sellers have sold for equity and used the proceeds to move on.

First time home buyers have had a great time of buying below rent values and saving money every month and creating equity. This demand lead to investors entering the market and creating a surge in demand for an already tight real estate market inventory.

We expect the real estate market to stay healthy as new construction has picked up to supply the demand increases. The improving employment outlook will only further strengthen the market.

Now, is a Great Time to Buy or Sell!

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Daryl & Ruthie New
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