Boise Realtor December 2023 Year-End Market Report

ADA COUNTY REAL ESTATE HIGHLIGHT REEL

MEDIAN SALES PRICE (MSP) —

• A home built in 2019 sold for $3.7 million in December 2023, positively weighing the year-over-year scales.
• We haven’t seen the MSP dip below $517,000 since December 2022 — a $13K decrease compared to November 2023.

HOMES SOLD —

• Recent slow-downs in pending contracts caught up to sales in December 2023, slipping in all three sectors year-over-year.

PENDING SALES —

• In addition to higher sales, new construction saw the biggest bump in signed contracts in December 2023.

INVENTORY —

• Inventory dwindled across the board this month, leaving Ada County at a deficit for demand which is evident in this month’s Months’ Supply of Inventory (MSI).
• Just three months ago (September), we were at nearly double the current inventory for resale.

The data reported is based primarily on the public statistics provided by the Intermountain MLS (IMLS), a subsidiary of Boise Regional REALTORS® (BRR). Additional Market Snapshots: Canyon County, Elmore Country, Gem County.

Tagged with: Boise • real estate

Filed under: Boise Real Estate

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