2015 Boise Homes Closed Sales Trends

Closed sales of Boise homes are one of the best indicators of our Boise real estate market.

Here’s a breakdown of 2015 year-to-date Boise homes closed sales.

  • January: 430
    % Change: (baseline number)
  • February: 509
    % Change: +18.4%
  • March: 704
    % Change: +38.3%
  • April: 821
    % Change: +16.6%
  • May: 917
    % Change: +11.7%
  • June: 1,040
    % Change: +13.4%
  • July: 1,017
    % Change: -2.2%

Data pertains to Ada County single-family homes on lot or acreage.  

Data does not include condo or townhome properties.

Data pulled from Intermountain MLS at the beginning of each month.

 

Boise Home Sales: Summer Market

Boise home sales have been extremely strong over the past several months.

Last Spring, we were awash in multiple offers with buyers chasing very slender listing inventory.

With 5,535 closed YTD sales at the end of July, we’re 18.9% ahead of last year’s 4,656 closed sales for the same time period.

But, our market is showing signs of moderating as we approach the end of our summer market.

Our listing inventory has risen from 1,925 listings last January to 2,510 at the end of July.

This is significant because our listing inventory is increasing concurrently with strong closed sales numbers.

Plainly stated, we’re listing more homes than we’re selling.

That provides more choices for buyers and requires sellers to offer homes in prime condition with accurate pricing.

It’s also noteworthy that our pending sales have declined to 1,324 at the end of July after peaking at 1,490 at the end of May, representing a 11.1%% decline.

Increasing listing inventory, combined with decreasing pending sales, indicates that our market is catching its breath after very robust YTD activity.

As always, homes that show well and are correctly-priced, continue to sell quickly.

 

2015 Boise Homes Pending Sales Trends

Pending sales of Boise homes are an indicator of future closed sales.

Here’s a breakdown of 2015 year-to-date Boise homes pending sales.

  • January: 703
    % Change: (baseline number)
  • February: 878
    % Change: +24.9%
  • March: 1,025
    % Change: +16.7%
  • April: 1,246
    % Change: +21.6%
  • May: 1,486
    % Change: +19.3%
  • June: 1,490
    % Change: +.27% (flat vs. May number)
  • July: 1,324
    % Change: -11.1%

Data pertains to Ada County single-family homes on lot or acreage.  

Data does not include condo or townhome properties.

Data pulled from Intermountain MLS at the beginning of each month.

 

Boise Idaho Real Estate Stats – July 2015

Here’s a snapshot of July’s activity for Boise Idaho real estate (Ada County):

Boise Idaho Available Homes

  • # Available: 2,510
  • Average Asking Price: $337,698
  • Median Asking Price: $274,900
  • Months’ Supply: 3.4

Boise Idaho Pending Sales

  • # Pending: 1,324
  • Average Asking Price: $284,511
  • Median Asking Price: $249,000

Boise Idaho Closed Sales – July 2014

  • # Closed: 859
  • Average Sales Price: $249,558
  • Median Sales Price: $214,503

Boise Idaho Closed Sales – July 2015

  • # Closed: 1,017
    % Change: +18.4%
  • Average Sales Price: $270,051
    % Change: +8.2%
  • Median Sales Price: $231,500
    % Change: +7.9%

Data taken from Intermountain MLS on 8/10/15 and pertains to Boise Idaho (Ada County) single-family residences on lot or acreage.

Data does not include condominiums or townhomes.

Months’ Supply = available listings divided by average monthly closed sales for the past twelve months.

 

Boise Real Estate: 2015 Mid-Term Report

Now that the first half of the Boise real estate market’s 2015 sales numbers are in the books, let’s compare those numbers to the same time period of 2014.

Boise Real Estate Listings

  • 2014: 2,767
  • 2015: 2,463
  • % change: -11.0%

Boise Real Estate Pending Sales

  • 2014: 1,114
  • 2015: 1,402
  • % change: +25.9%

Boise Real Estate Closed Sales

  • 2014: 828
  • 2015: 1,040
  • % change: +25.6%

Data pertains to Ada County single-family homes on lot or acreage.

Date range = first six months of each year.