Once upon a time, I worked in the building materials industry when modern design first started making a come back. A tile company had done extensive studies and reported that only 10% of the
Boise Real Estate Market
Boise Real Estate Market Report:Boise Home Prices vs Boise Homes For Sale
Video by Mike Turner about how the amount of Boise Homes For Sale has impacted the Boise Real Estate Market.
Boise home prices have reached a plateau since last summer. The supply of Boise homes for sale has increased significantly compared to 2013, but overall, inventory levels of Boise homes is still at healthy levels.
This chart will help us determine if Boise home prices should rise in the near future or slip backwards. All we have to do is watch the supply of homes on the market. It is quite possible that if Ada County has more than 3500 home listed for sale for an extended period of time, the market will soften and home prices could dip down.
I'm predicting however, that inventory levels will stay below 3,500 and therefore, we should see Boise home prices holding, and will likely increase slightly over the summer months.
See more Boise real estate market reports
Trivia about Mike: Prior to working in real estate, Mike worked for few years on movies and TV shows around the world as a Camera Boat Operator and Marine Logistics Coordinator, including the TV serie....
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