ACAR Housing Stats for Year End 2015

ACAR_block

December sales rebounded over 25% from November’s sales, to finish year 2015 with a bang! All in all, year 2015 was impressive on all levels, with nearly a 20% increase in number of individual properties sold over 2014 figures. Boise is fortunate to have an optimistic group of developers and builders who continue to fuel momentum to our growing market. The median price for a home in 2015 increased 9.05% over 2014 numbers. Here are three key stats:

  • Total Single-Family Homes Sold: 9,284 (compared to 7,784 in 2014)
  • Median Price: $229,000 (compared to $210,000 in 2014)
  • Average Number of Days on Market: 50

When separating existing homes from new construction homes, the stats are just as revealing: 

Total Single-Family Homes Sold:

  • Existing Homes: 7,597 (compared to 6,313 in 2014)
  • New Construction Homes: 1,687 (compared to 1,471 in 2014)

Median Price:

  • Existing Homes: $213,000 (compared to $193,500 in 2014)
  • New Construction Homes: $313,900 (compared to $299,900 in 2014)

We are thankful for such a healthy market, and especially grateful for our friends and clients who continue to support our business. Looking forward to a fantastic 2016!

 

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