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It’s Not Cooling Down in Boise – 2019 Housing Trends

Posted by Devri Roubidoux on January 31, 2019
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Is the housing market finally cooling down? Here in Boise, ID it sure isn’t. According to Realtor.com, the Boise market stands to once again be in the Top 10 hottest markets of the year. Predicted sales growth for 2019 is estimated to be about a 1.5% increase over 2018 and a 6.9% equity bump. Contributing to these impressive numbers is the record low housing inventory available in Ada County (Boise, Eagle, Meridian). In fact, new home sales in Ada County easily make up 25% of home sales each month – with a record of 35.5% share of new home sales in December 2018. It’s no secret that out-of-state buyers continue to be pointed to as the primary drivers of this increased demand. With cheaper home prices than our Pacific neighbors as well as a much lower cost of living, the Boise Metro is highly desirable. But it’s not just out-of-state buyers who have flocked to Boise, it’s also 83% of Ada County residents who have not moved year-over-year (since 2015). And of the 17% who did move, 60% actually moved within Ada County. These unprecedented numbers show that clearly Ada County has a lot to offer newcomers and current residents alike. The value of our great outdoors, mild weather, and balance between city and country is truly unique. As a locally-owned and operated home builder we continue to be focused on constructing the absolute best houses in the best locations throughout our rapidly growing county.

Posted – January 31, 2019

   

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