Yearly price gains, falling inventory, and plunging mortgage rates are combining to create a favorable market for Treasure Valley home sellers in 2024.
Presently, there are 1,915 homes for sale in Treasure Valley, representing a 21% decrease from last year. Given the current sales pace, the market has less than a two-month supply of homes, creating an imbalance that will intensify competition among buyers.
New listings tend to jump in April as move-up buyers enter the market. However, as supply usually reaches its lowest point in February, inventory will continue tightening, at least for the next month or two.
The Boise metro area remains a popular relocation destination, attracting out-of-state buyers, who account for as many as one in
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