Market Resolutions…
At a time when many make “resolutions” we want to make a promise to report accurate and relevant statistics about the local real estate market in the Treasure Valley. There is a lot of misinformation about real estate circulating. Most of it summarizes that the sky is falling, falling fast and falling big.
Back to our promise of accurate and relevant information. Prices in Ada County have fallen just 1.5% year-over-year. Yes, one and a half percent. In Canyon County prices have fallen 5% year-over-year. Many predicted a much larger fall, and now they say, “the worst is yet to come.”
Speculation at best. Let’s hope that 2023 proves them wrong…again!
Locally, home sales have slowed considerably. Sales are down 40% across the Treasure Valley from December 2021 to December 2022. Lack of inventory might be one of the reasons for this over the last year, but inventory is finally headed towards “normal,” up 160% in Ada County,
and 90% in Canyon County. Pending Sales continue to trend down as well, an indication that, for now, we can expect slower sales than last year in the next few months.
Cheers to 2023 and to living in wonderful Idaho!
The statistics in this report may be slightly different from those in other housing reports because we don’t follow the sales of just single-family homes. We include condominiums, townhomes, and homes on up to 2 acres. By including multiple forms of residential housing, our
statistics more accurately portray the many options buyers have in modern housing offerings.
Clicking the links below provides you with an in-depth look at what’s happening in all MLS areas in both Ada and Canyon Counties, including the market for the total area sales as well as the market for new and existing homes.
North Boise (100) | NE Boise (200) | SE Boise (300) | Boise Bench (400) | SW Boise (500)
SW Boise/Meridian (550) | West Boise (600) | W Boise/Meridian (650) | Garden City (700)
NW Boise/Garden City (800) | Eagle (900) | Star/Meridian (950) | SE Meridian (1000)
SW Meridian (1010) | NE Meridian (1020) | NW Meridian (1030) | Kuna (1100)
Nampa, 83687 (1250) | Nampa, 83686 (1260) | Melba (1265) | Nampa, 83651 (1270)
NW Freeway (1275) | SW Freeway (1280) | Middleton (1285) | Canyon Other (1290)
Parma (1292) | Wilder (1293) | Greenleaf (1294)
*Data provided is derived from the Intermountain MLS and believed to be accurate and reliable, but cannot be
warranted by Group One Sotheby’s International Realty.