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Average % of
New Listings (Pending)
in the First 30 Days
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Summer is here, which is when the highest number of homes go under contract. However, it can feel like the market slows down during the summer, due to the greatest number of new listings coming on the market, which creates disbursed buyer energy. When comparing July 2019 to July 2018, new resale listings and sales activity intensity are down, the number of homes going under contract is slightly off, and unsold inventory is up in Boise.
With interest rates in the upper threes, a strong economy and fantastic weather, being Buyer Ready, Day One is key to ensure success in the market, especially for homes up to $350,000.
3.77%
68%
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June list 2019
Nearby schools are an important part of the equation when buying or selling a home, which is why John L. Scott Real Estate launched a school search function on our website and app last year. To use the feature, search the name of the school you’re interested in and select it from the drop-down menu. Once selected, you’ll see a map of the school boundaries and all the current active listings within this area. When looking at a school, that school’s district, county and GreatSchools rating will appear.
SCALE: MONTHS SUPPLY
Boise Housing Update - Resale Only
30%
5
Normal
It’s Not the Lazy Days of Summer for Housing
3
Unbelievable Interest Rates
2
Source: Mortgage News Daily
JOHN L. SCOTT’S SCHOOL SEARCH
Key Market Indicators – July Recap
Current
4