It's undeniable that the market's higher prices have caused affordability challenges for some buyers. With that said, low mortgage rates have effectively helped to increase purchasing power (the average rate for a 30-year fixed mortgage was 2.73% in January 2021, compared to 3.6% the year before).
In this market, offers and decisions are being made quickly. If you're contemplating selling or buying, let's connect to ensure you have the tools and resources needed to achieve your goals.





If you then examine just existing/resale homes (and remove all the newly constructed homes from the statistics) the general year-over-year trends noted above remain similar - but the numbers are slightly even more dramatic - or if you are considering selling - significant). If you're contemplating selling a home or property... it's a great time to do so. Let's connect to discuss!
And finally, if you look at just newly constructed homes, the overall trend again remains pretty consistent. New homes are selling for a median sales price of $460,000 and there are substantially fewer of them available than there were one year ago (inventory is down by 78%) - and they are selling significantly faster (by 66.2%).

Average Sold Price (January 18, 2021 - February 18, 2021)
- Boise: $496,396
- Eagle: $806,684
- Meridian: $472,591
- Star: $483,335
- Garden City: $303,175
- Kuna: $431,356
- Middleton: $474,303
- Nampa: $350,398
- Caldwell: $340,924








If you’re hoping to buy, keep in mind that low inventory certainly isn’t the same as no inventory. There are options available, and rates are making mortgage payments more manageable. Click here or call us to discuss what you're looking for. Otherwise, keep reading to learn more about what's happening in Ada County's real estate market.
