Take Advantage of TODAY'S MARKET! | Monthly Real Estate Market Update - March 2023

Watch the full video here: https://youtu.be/clvflq8hDao

Take Advantage of TODAY'S MARKET!
Monthly Real Estate Market Update - March 2023
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Want to increase your knowledge about the real estate market as it pertains to the local Treasure Valley? Here are the TOP 3 THINGS we're covering in this month's market update:
1. Inventory is in the Boise, Idaho area FLAT MoM
2. Pending home sales are UP
3. Let's walk through the local Ada County market and do a brief health assessment!
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What you’re hearing is true…There is a correction/shift happening in the housing market. This is what homebuyers have been hoping for!

BUYERS: Instead of paying well over list price and competing against multiple offers, your interest rate will be higher. You might be paying more per month than the historically low interest rates that were available a few months back, but your total cost of ownership over the term of your loan is down. If you can’t seem to make the payments work with the 30 year fixed loans, seriously consider a 7-year adjustable rate mortgage. Data shows most people are not even living in their homes longer than 5 years these days.

SELLERS: You have an appreciating asset which is the best hedge against inflation. Instead of appreciating at record levels of 20% or more, it will appreciate at a normal rate of 3-5%. If you are selling your home, it’s CRITICAL that it is being presented and marketed in a way that stands out among the rest. Also, your pricing strategy is more important right now than it has been in a very long time.
Real estate is the best place to have your money with high inflation. Don't let the news influence you. Curious how this impacts you regarding your specific situation? Please reach out with any questions you may have!

Contact us at 208.391.5117 or email us at [email protected]
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Who is Own Boise?

At Own Boise, our mission is to ‘Own Where You Live’, which is more than owning real estate although we love that people do! We believe that in order to own where you live, you must be involved in the community. That involvement can come in many different ways. Donating time, money, volunteering, teaching, coaching, leading or simply just showing up.
Our team currently consists of 8 full time agents working for you. In 2022, Own Boise was recognized as one of “2021's Best Real Estate Teams in Idaho” by Real Trends and “Diamond Level Team” by Boise Regional Realtors for selling over $77 million in volume.
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