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Selling My House in Boise, ID
Thursday, February 15, 2018
Selling a home is a major financial decision. There are manypeople who are thinking about selling their home as the housing marketcontinues to increase in value.
In certain areas around the country, the housing market is inexpensive. Boiseis one of the most affordable housing markets in the country. Not only are theaverage home prices lower than the rest of the country, but other costs arealso low in this area. This is a great place to live for people who want tosave money and enjoy the outdoors.
One of the best ways to assess a local housing market is to understand theaverage days on market metric. This metric shows how long it takes the averagehouse to sell. Even if a home sells immediately, there is still a closingprocess to go through. There are some housing markets where the average time toclose is less than 50 days. This means that a home essentially sells as soon asit lists.
In Boise, the average days on market is 81. This metric is slightly lower thanlast year at this time. Boise simply does not have the demand for homes thatother places around the country have. In addition, many people are saying, “sellmy house” to local real estate agents in the area. With more inventory, ittakes longer for the average home to sell.
One of the biggest benefits of living in this beautiful Idaho city is the lowcost of living. It is hard to find more affordable housing than here, and theaverage selling price of a home is around $180,000. This is less than half thecost of a home in many cities.
There are some massive homes in Boise that bring the average selling price up.It is really easy to find a modest home for less than $150,000. This is a greatway for people to purchase a home without a huge mortgage payment.
There are several major trends taking place here. Housing costs are increasing,but costs are not increasing as fast as other areas around the country. Boisewill never be a real estate market that mimics a major city. Anyone saying, “sellmy house” to real estate agents should have success in the process.
The average days on market metric is also decreasing. This is a sign thathousing demand is starting to increase. Many people are starting to build newhomes. With the low cost of labor and materials, it is fairly inexpensive tobuild in Boise. Anyone who wants to find an affordable home should considerworking with a local real estate agent.