In the residential real estate market, spring is known as the time of year when most buying and selling is done. Inventories are typically higher and more owners are poised to sell.
This year is turning out to be no different, industry experts note, with and average of 33.05% more inventory so far in 2025 than in 2024 in the Treasure Valley. Home sales were also up year over year in the region.
According to the multiple listing service, Ada County‘s home inventory sat at 1,421 in February, up 26.2% over the same time last year. Canyon County had 1,016 homes for sale, up 39.9% over the same period.
Last month, both counties saw an uptick in sales, with Ada County recording 604 home sold, which was 75 more than the previous February. Canyon County‘s home sales increased by 38 to 368 closings.
Median home prices were up as well, though only a few percentage points in both counties. Ada was up 2.1% and Canyon 1.6%. The average median home price throughout the Treasure Valley sits near half a million dollars.
“Sales are up, inventory is up, and prices are steady,” said Lauren Clark, a Realtor with The Beacon Group at The Agency Boise. “When we look at metrics that measure competitiveness in the market, conditions seem healthy, unlike what we saw during the home-buying frenzy fueled by low mortgage rates a few years ago.”
According to data from The Agency, inventory is on the market for right around a month across the valley with 52 in Ada County and 64 in Canyon County.
“For comparison, the average days on the market in June 2021 was 10 days in Ada County and 14 days in Canyon County,” a release stated.
Clark advised that people in the market to purchase a home should be aware that more inventory creates more options; since prices are stable, people shouldn’t wait for a “drastic drop”; longer time on the market means less pressure on buyers to rush; and mortgage interest rates have come down a little in recent weeks.
She also advised that buyers be prepared to wait about a month for their property to sell, and to expect about 2% to 3% less than their initial asking price.
