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Sheila Smith Real Estate Group

Sheila Smith Real Estate Group

Homes in Boise, Meridian, Eagle, Nampa, Caldwell, and greater Idaho areas.

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November Market Report

December 13, 2022

For the first time since October 2014, the median sales price for homes in Ada County dropped year-over-year. In November, the median sales price of homes sold was $525,000 — 2.5% lower than in November 2021 and 6.5% less than in October 2022.

Home prices are driven by supply versus demand. Higher mortgage interest rates, combined with the swift home price appreciation in the last several years, have decreased purchase power for buyers and lessened demand. As a result, some buyers have made budget adjustments and others have pressed pause on their home search.

Consequently, fewer buyers equated to fewer home sales for the county. There were 548 home sales in November, 39.0% less than a year ago. Of those, 380 were existing/resale homes, down 44.9% from November 2021, and 168 were new construction homes, down 19.2% from last year.

Read full article at Boise Regional Realtors:

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Filed Under: Articles, General Tagged With: Boise, Boise Housing, Housing Market

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  • 1420 W Washington St
    Boise, ID 83702
  • (208) 254-2090
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Find A Home

2108 E Danmor Dr $950,000

2108 E Danmor Dr Boise, Idaho

4 Beds 3 Baths 2,552 SqFt 0.252 Acres

1934 Scotch Pine Dr $729,900

1934 Scotch Pine Dr Middleton, Idaho

4 Beds 4 Baths 2,802 SqFt 0.270 Acres

1331 W Chamberlin St $649,900

1331 W Chamberlin St Boise, Idaho

3 Beds 3 Baths 1,862 SqFt 0.080 Acres

10871 Highway 55 $612,467

10871 Highway 55 Cascade, Idaho

3 Beds 2 Baths 1,563 SqFt 7.830 Acres

517 Boise St $592,000

517 Boise St Middleton, Idaho

3 Beds 2 Baths 1,620 SqFt 1.640 Acres

4527 S Trails End Ln $540,000

4527 S Trails End Ln Boise, Idaho

4 Beds 3 Baths 2,615 SqFt 0.127 Acres

14346 Chukar St $499,900

14346 Chukar St Caldwell, Idaho

4 Beds 3 Baths 2,188 SqFt 1.230 Acres

1814 S Rand St $475,000

1814 S Rand St Boise, Idaho

3 Beds 2 Baths 1,912 SqFt 0.150 Acres

268 S Astro Ave $399,800

268 S Astro Ave Star, Idaho

3 Beds 2 Baths 1,639 SqFt 0.170 Acres

124 Saddlenotch Dr $369,900

124 Saddlenotch Dr Horseshoe Bend, Idaho

3 Beds 2 Baths 1,322 SqFt 0.106 Acres

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Sheila Smith Real Estate Group
1420 W Washington St.
Boise, ID 83702

(208) 254-2090

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