Are Boise Home Prices DROPPING? 2024 Boise Real Estate Market Update

[@Livinginboiseidaho-candid]

🤔 Thinking about moving to Boise, Idaho? 📱 Call or Text: 208-598-3040 📧 Email: [e-mail] 🖥️ Website: andyellisonrealestate.com

[@juicebox1477]

Unfortunately the Boise median household income will not be able to support the over-inflated market. The massive amount of unreported million+ $ spec homes are also a problem.

[@Livinginboiseidaho-candid]

Thank you for your comment. And you’re right, similar to what many other booming metros are experiencing, our home price-to-wages ratio is undeniably unbalanced. Due to how many people are continuing to relocate to our area though (and oftentimes arriving after selling previous home(s) with heightened equity), that disparity isn’t slowing our market (or impacting housing costs). Until housing inventory increases and/or demand lessons significantly, home prices aren’t going to come down. Appreciate the comment!

[@ddawson8069]

Nice presentation man!

[@Livinginboiseidaho-candid]

Thanks! I try to share things as straightforward as I can. Appreciate the comment. - Andy

[@superslyko123]

News Flash: It takes $$$ to live. Us COW's moving to Idaho are doing so as a result of reasons other than % rates. Thank You Andy, I'll be watching! I would love to see some Drone shots!

[@Livinginboiseidaho-candid]

Thanks for the comment and request for drone shots. We are working on adding them in! Appreciate it.

[@jamieforce-gamez264]

But there are thousands of homes that builders are holding off the market to keep prices high!! Common

[@Livinginboiseidaho-candid]

Thanks for the comment, and that’s an interesting thought. The vast majority of builders across the Treasure Valley have construction loans out on their completed homes - so really holding them off market (and just paying for the loans) would be a business killer for many.