Real Estate Market Update November 2024 - Boise, Idaho скачать в хорошем качестве

Real Estate Market Update November 2024 - Boise, Idaho

November Real Estate Market Update This month’s update covers November and keep an eye out for next month’s in-depth review of 2024. Here are some local highlights—Boise is truly in the spotlight! • Bogus Basin was voted the #1 Ski Resort and #7 Tubing Hill by Newsweek. • Boise was ranked #4 for the Best Cities for Young Adults to thrive financially out of 138 by MoneyGeek.com. • Boise ranked #8 Best City for Small Business by CoWorking Café. It’s no surprise, given our wonderful city’s easy access to so many outdoor activities, vibrant city life, employment opportunities, and friendly people. While we navigate growing pains, we’re also embracing new joys. These accolades are sure to pique national interest, potentially boosting our housing demand. We saw an increase in the number of homes sold compared to last November (year-over-year): • 27% in Ada County • 37% in Canyon County • 50% in Gem County This represents moderate growth for the year. Home prices have seen moderate and historically normal appreciation, and many builders are offering large incentives as they close out their year-end inventory. Despite tight inventory, we anticipate more listings as we enter the new year. Showings and open house activity remain steady. Mortgage rates continue to be volatile (like a broken record, I know!), and are expected to range between 6-7% for most of 2025. As of December 31st, national average 30-year fixed rates are (Mortgage News Daily): • 7.07% Conventional • 6.4% FHA • 6.42% VA This presents unique opportunities for both buyers, who can benefit from increased incentives and inventory, and sellers, who can capitalize on sustained market interest. It looks like a balanced market moving into next year! Ready to explore your real estate options? Whether buying or selling, I’m here to offer personalized services and market analysis tailored to your needs. Don’t hesitate to reach out or attend one of our upcoming open houses! Open Houses: Jan. 4th from 2-4pm: 3860 Bayou Ln, Boise, Idaho Link to Listing: https://lindaevans.withwre.com/listin... Jan. 5th from 2-4pm: 9561 De Witt St, Boise, Idaho Link to Listing: https://lindaevans.withwre.com/listin... #realestatemarket #realestatemarketupdate #boiserealestate #homebuying #homeselling #windermere #lindaevansrealtor