Boise, ID housing market

In Boise right now, sellers are asking about five hundred fifty-two thousand seven hundred fifty dollars for homes the market says are worth closer to five hundred fifteen thousand dollars, and that gap is shaping everything else this month. The typical Boise home value sits around five hundred fifteen thousand dollars, up just over 1 percent from a year ago. That is a flat market, not a falling one, but it is not rewarding ambitious pricing either. About 587 homes are for sale, with roughly 452 new listings coming on, so buyers have options but not a glut. Homes are taking about 31 days to sell, a normal, unhurried pace. The telling number is this: nearly 19 percent of active listings have already cut their price. That is what happens when asking prices start seven percent above where values actually are. The takeaway for Boise homeowners is simple. Buyers will pay fair value quickly, but they will not chase. Price to the market, and you sell in about a month. Price to your hopes, and you join the one in five sellers cutting.