Is Inventory Up or Just Catching Up?

Boise’s housing market continued to shift this March, offering both opportunities and challenges for buyers and sellers alike. Let’s break down what the latest numbers reveal and what they mean for you.

Inventory Is Rising — But Still Low

Boise saw 856 active listings at the end of March 2025, which is a 28% increase year-over-year and 29% jump month-over-month. While that sounds dramatic, context matters: this time last year, inventory was exceptionally low, and even now, 856 homes is still considered a tight market.

Sales Are Steady, Prices Are Holding

• 425 homes closed in March (vs. 400 in March 2024)
• Pending sales were nearly identical: 496 this year vs. 497 last year
• Average home price remains near $610,000, consistent with the end of 2024

Despite inventory growth, prices have stayed steady. However, if the supply continues to climb at this rate, we may start to see softening—especially in higher price ranges.

Speed of Sale & Pricing Trends

• Average Days on Market: 34 days
• Sold-to-Original List Price Ratio: 97.2%

Homes under $500K are still moving quickly, while listings above $1.5M are sitting longer and often require price adjustments. Sellers in competitive segments should consider pricing aggressively to stand out.

Current Market Supply

• Resale homes: 1.8 months of supply
• New construction: 3.3 months
• Combined market supply: ~2.5 months

This keeps Boise in a seller-favored environment, but we’re inching closer to a more balanced market.

What About Interest Rates?

Rates are currently hovering around 6.5%, down from recent peaks above 7.5%. A cooling 10-year Treasury yield is contributing to this trend. If rates continue to ease, more buyers could re-enter the market.

Advice for Sellers

• Don’t wait: Inventory is climbing.
• Price to compete: Look at active competition, not just past sales.
• Move fast if your area is saturated with listings.

Advice for Buyers

• Enjoy the growing inventory—you have more options.
• Ask your agent how many homes in your price range have gone under contract in the past 30-60 days to better gauge urgency.

Final Thoughts

This market rewards informed decisions. Whether you’re buying or selling, now is the time to align with an experienced agent who understands the pace and patterns of Boise real estate.

Questions? Reach out to your trusted City of Trees Real Estate agent. To watch the video covering the latest market update, head over to our Youtube channel.