![]() ![]() ![]() So we all know demand was high and inventory was extremely low, which led to insane competition and buyers being willing to pay over list price, and those bidding wars were the largest factor in driving up prices. And if you’ve been watching the market, you’re seeing those drops, but what is causing it? Well numbers wise, it all goes back to inventory and demand, so let’s take a quick look at how they got so high in the first place. So it will be interesting to see if the price drops we are seeing now will also drop that median sales price next month or not. 8% increase from August.Ĭanyon county, which includes places like Nampa, Caldwell, Middleton, and surrounding areas, had a similar increase to a median sales price of $422,000, which was 36% higher than last year. Starting with Ada County, which includes Boise, Eagle, Star, Meridian, and Kuna, the median sales price for homes in Ada county inched up from August to $534,950 in September 20 21- that is a 31.1% increase from last year, but only a. I will go over why now is a good time to buy and still a good time to sell, but first, let’s get those general numbers out of the way. So I’m sure you’ve seen it, tons of price drops in the Boise area housing market, inventory increasing, days on market increasing, people are wondering, are we finally seeing a crash in the Boise housing market? We are seeing adjustments for sure, but a crash? I don’t think so, and we all know that the numbers don’t tell you the whole story, so while we will start with the recent September 2021 market stats to make sense of what we are seeing, I’ll fill in those details with new answers of what we are seeing as we are out working with clients just like you every day. Well…that’s a little dramatic, there are still some multiple offers happening, but things have made a rather sudden change in the last month in the Boise housing market. WHAT? NO MORE MULTIPLE OFFERS IN THE BOISE HOUSING MARKET? ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |