Something interesting is happening in the Boise housing market right now, and it’s happening faster than most people expected.
While inventory has only increased slightly compared to last year, buyer demand has surged significantly. Pending sales are up nearly 25% year over year, which tells us one key thing: homes are getting picked up quickly.
What the Numbers Are Showing
- Inventory is only slightly up
There are about 902 homes on the market compared to 856 last year. That’s a modest increase and pretty typical for the spring season. - Buyer demand is jumping
Pending sales climbed from 496 last year to 626 this year. That’s a major shift and a strong signal that buyers are active again. - Homes are being absorbed quickly
Even with more listings coming online, much of that inventory is getting “chewed up” by buyers entering the market.
Why This Is Happening
What makes this trend more surprising is that it’s happening while interest rates have been rising.
One possible explanation is that many buyers locked in lower rates earlier in the year and are now following through on their home purchases. Combined with seasonal demand, it’s creating momentum in the market.
Not Quite a Seller’s Market… Yet
We’re not fully in a seller’s market, but we’re getting closer.
If this trend continues over the next 30 to 60 days, we could see a noticeable shift where sellers gain more leverage and competition increases for buyers.
What This Means for You
- Buyers:
Competition is picking up, especially in lower price ranges. In some cases, homes are already seeing multiple offers. Having the right strategy and agent matters more than ever. - Sellers:
This could be an early opportunity window. Less competition now compared to peak spring months, but strong buyer demand is already in place. - Luxury market:
Higher price points are still moving more slowly, with more inventory and less urgency from buyers creating potential negotiation opportunities.
The Bottom Line
The Boise market is starting to shift, but it hasn’t fully arrived yet.
That makes this a critical moment. Whether you’re buying or selling, how you approach the market right now could make a big difference in your outcome.
If you’re thinking about making a move, now is the time to get clarity. Reach out to a City of Trees Real Estate agent to talk through your situation, get personalized market insights, and build a strategy that works in today’s market.
You can also watch the full market update on YouTube for a deeper breakdown of what’s happening and what could come next.
