Factors Driving Idaho's Housing Market
Steady Days On Market & Home Values
The average days on the market to secure an accepted offer balanced out to 39 days in Ada County and 41 days in Canyon County, providing pressure on home values and leading to modest gains in the median home sale prices.
Buyers Leverage Increased Inventory Levels
In Canyon County, inventory is up 12.3% year-over-year, while Ada County has seen a 28% increase. This increase in available homes for sale has provided buyers more options and leverage to negotiate on price and request seller-paid closing cost concessions.
Fluctuating Interest Rates
After a period of elevated rates in 2023 and early 2024, the average 30-year fixed mortgage rate has seen a gradual decline. As of mid-August 2025, rates have fallen to their lowest levels in nearly a year.
Professional Standards You Can Trust
- Provide top-level real estate services to clients, counseling in the areas of marketing, negotiations, development, investment, & market research.
- Educate clients so they make informed real estate & financial decisions.
- Promote ethical & honest practices with our clients, other agents, & service providers.
Waiting to Sell Your Home?
Locked Into a Low Rate
We’ve all heard so much about homeowners who want to move but feel locked into their low mortgage rates. And we know it can be hard to think about buying a new home at 7% when your rate is 5% or less. But now rates are finally coming down and are projected to keep doing so.
Sell High & Buy Low
Waiting to time the market can backfire since home prices are still going up, and inventory is still tight. We anticipate our local housing market to be more competitive for buyers and sellers further into the year.
Time to LOVE Your Home
It may be time to ask yourself — ‘Am I in a home I really love? Does it suit my family’s purposes anymore? “82% of homeowners LOVE their interest rate, but not their HOME.” If that’s you as well, let’s talk about your choices & opportunities in today’s market.
