Market Statistics
At Trail 27, we strive to provide clients throughout the greater Boise area with exceptional services backed by years of experience in the real estate industry. Our friendly agents will work with you to help you find the best property to meet your real estate goals, and will provide relevant, up to date information to help you make informed investment decisions. Part of our goal is to empower clients with knowledge and information, which is why we provide a blog with fantastic tips and tricks for success in real estate and property investment. If you are ready to take the next step towards buying or selling property, contact us today and an agent will be happy to help!
SEPTEMBER 2022 MARKET REPORT
HIGHER MORTGAGE INTEREST RATES CONTINUE TO IMPACT HOME PRICES, DEMAND The median sales price for homes in Ada County was $540,000 in September, down 4.4%, or $25,000, from the month prior, but 0.9% higher than September 2021. The median sales price dropped for the last four months, but we’ve yet to see a year-over-year decline in overall prices. After peaking at 44.0% in May 2021, annual price growth has trended down and slowed significantly, due in large part to higher mortgage interest rates. However, when....Read More
August 2022 Market Report
According to our regional data source, Boise Regional Realtors, the median sales price for homes in Ada County was $565,000 in August, which is down 4.2% from July but 6.6% higher than August 2021. Higher home prices and interest rates have caused some buyers to make budget adjustments while others are sitting out for a bit, optimistic that at least one of those factors will come down. Home prices are driven by supply and demand. Since many buyers are sitting on the fence, Sellers are responding by adjusting their p....Read More