{"id":793,"date":"2024-06-21T15:59:48","date_gmt":"2024-06-21T21:59:48","guid":{"rendered":"https:\/\/www.findyourhomeinboise.com\/real-estate-blog\/?p=793"},"modified":"2024-06-21T15:59:53","modified_gmt":"2024-06-21T21:59:53","slug":"boise-realtor-may-2024-market-report","status":"publish","type":"post","link":"https:\/\/www.findyourhomeinboise.com\/real-estate-blog\/boise-real-estate\/boise-realtor-may-2024-market-report\/","title":{"rendered":"Boise Realtor May 2024 Market Report"},"content":{"rendered":"\n
\"Ava<\/figure>
\n

Boise Realtor, Ava Tong<\/a>, shares the May 2024 Boise Regional REALTORS\u00ae Market Report for the Idaho Treasure Valley.<\/p>\n<\/div><\/div>\n\n\n\n

<\/p>\n\n\n\n

ADA COUNTY REAL ESTATE HIGHLIGHT REEL<\/h2>\n\n\n\n

MEDIAN SALES PRICE \u2014<\/strong><\/p>\n\n\n\n

    \n
  • The Median Sales Price for all sectors is up nearly $18,000 from the previous year but down by $5,000 month-over-month.<\/li>\n\n\n\n
  • Resale\u2019s Median Sales Price remains a hefty $30,000 more than May 2023.<\/li>\n\n\n\n
  • May\u2019s new build Median Sales Price was the 3rd highest we\u2019ve seen since November 2022.<\/li>\n<\/ul>\n\n\n\n

    HOMES SOLD \u2014<\/strong><\/p>\n\n\n\n

      \n
    • May showed the highest units sold since June 2022 for single-family homes. At that time, the Median Sales Price was $592,090 and mortgage rate was 5.09%.<\/li>\n\n\n\n
    • There were only 2 instances in the past 20 months that closed homes crested over 500 \u2014 May and June 2023.<\/li>\n<\/ul>\n\n\n\n

      PENDING SALES \u2014<\/strong><\/p>\n\n\n\n

        \n
      • While inventory boosted, pending sales for existing homes napped this month, snoozing by nearly 100 pending contracts.<\/li>\n\n\n\n
      • Pending sales gained 20 contracts from the previous month and 170 contracts year-over-year.<\/li>\n<\/ul>\n\n\n\n

        INVENTORY \u2014<\/strong><\/p>\n\n\n\n

          \n
        • Ada County had the most available units for all sectors in 18 months in May.<\/li>\n\n\n\n
        • Existing homes carried the weight of inventory increases this month, rising by over 250 homes month-over-month (highest resale inventory since October 2022).<\/li>\n<\/ul>\n\n\n\n

          DAYS ON MARKET \u2014<\/strong><\/p>\n\n\n\n

            \n
          • Gone are the 40-50 Day on Market trends we saw from December to February for existing homes. May\u2019s Days on Market stayed in the 20\u2019s.<\/li>\n\n\n\n
          • While new build inventory lagged, the 70+ Day on Market has helped keep the market from being drastically imbalanced.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

            Boise Realtor, Ava Tong, shares the May 2024 Boise Regional REALTORS\u00ae Market Report for the Idaho Treasure Valley. ADA COUNTY REAL ESTATE HIGHLIGHT REEL MEDIAN SALES PRICE \u2014 HOMES SOLD \u2014 PENDING SALES \u2014 INVENTORY \u2014 DAYS ON MARKET \u2014<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[5,6],"class_list":["post-793","post","type-post","status-publish","format-standard","hentry","category-boise-real-estate","tag-boise","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/www.findyourhomeinboise.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.findyourhomeinboise.com\/real-estate-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.findyourhomeinboise.com\/real-estate-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.findyourhomeinboise.com\/real-estate-blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.findyourhomeinboise.com\/real-estate-blog\/wp-json\/wp\/v2\/comments?post=793"}],"version-history":[{"count":6,"href":"https:\/\/www.findyourhomeinboise.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/793\/revisions"}],"predecessor-version":[{"id":799,"href":"https:\/\/www.findyourhomeinboise.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/793\/revisions\/799"}],"wp:attachment":[{"href":"https:\/\/www.findyourhomeinboise.com\/real-estate-blog\/wp-json\/wp\/v2\/media?parent=793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.findyourhomeinboise.com\/real-estate-blog\/wp-json\/wp\/v2\/categories?post=793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.findyourhomeinboise.com\/real-estate-blog\/wp-json\/wp\/v2\/tags?post=793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}