Sign In

Dashboard

Login using...

New Search X

Real Estate Market Update February 2015

Posted by Lisa Kohl on Friday, March 6th, 2015 at 9:28am.

Boise real estate market news for February 2015. Ada County results:

  • In February 2015, we saw a total of 507 homes sell in Ada County, up 10.41% from February of last year.
  • Days on Market, or home supply, declined by 3 days to 67 from last months 70 days on market.
  • In the new construction market we saw 109 sell; an increase of 8.12% from last year.
  • Existing homes sold totaled 398; an increase of 11.11% from the previous year.
  • In Ada county the median home price is $224,900 up 9.86% from this time last year.
  • For existing homes the median is $196,750 up 11.25% from 2014. The new construction median price is $305,000 practically unchanged from 2014.
  • Total supply of homes is at 3.8 months.

Market Outlook

It’s unusual to see strong home price increases in a February. All signs are point to a very good month in March. Available inventory has moved up slightly over the last couple of months. Don’t expect that to continue, we are predicting inventory to drop well below 3 months by the end of the year. Stay tuned, 2015 could turn out to be quite the year.

Boise Real Estate Agent Lisa KohlLisa Kohl

Lisa Kohl is a professional Realtor in Boise, Idaho. Questions about the local real estate market? Contact us online or call (208) 391-4466.

More From Our Blog...

Boise Real Estate Forecast 2019Boise Housing Market Forecast 2019: Five Trends to Watch

Where is the Boise real estate market headed in 2019? The double-digit home price appreciation we have seen over the last year will... Read More

Idaho Homeowners ExemptionIdaho Homeowners Exemption: Save On Your Property Taxes

Have you applied for your Idaho Homeowners Exemption for the 2019 tax year yet? If you’ve recently purchased a house in Idaho... Read More

Cost of Owning a HomeReal Cost of Owning a Home in Boise

With homeownership, there are many types of expenses to take into account. Some of these costs vary wildly based on where you... Read More

Leave a Comment