Treasure Valley February Market Update

by Cash McCallum

Treasure Valley Idaho real estate market update for ADA and Canyon County.

The real estate market in the Boise area spans about a 25 to 30 mile radius, comprising four of the largest cities in the entire state. There has been significant growth in Treasure Valley Idaho.

The current market activity in Treasure Valley Idaho-

Over 1,500 houses sold in the last 60 days in ADA and Canyon County

Just over 1,950 houses are actively listed on the market between ADA and Canyon County

Pricing, marketing, and an agent's efforts are hugely important for success in selling a house. Many agents may not invest in proper marketing, such as real estate signage and professional photography. Cash McCallum Real Estate custom design marketing packages for each home and professional photography and video are always part of our marketing campaigns.

Sellers have been facing challenges due to rising interest rates reducing the buyers that are available to make a home purchase. Buyers are using large down payments or all cash to leverage equity in homes and mitigate high interest rates. Many Sellers are also holding onto their low interest rates to avoid higher rates for new purchases.

Good news is that Rates are expected to come down in 2024.

Keep a look out for monthly updates in this ever changing real estate market. Want to know what your home is currently worth, click the following link to get a complimentary report! https://hmbt.co/pBYfJb