Market Update March 2026

The Boise, Idaho real estate market is showing signs of renewed competition as we head into the spring selling season. This market update looks at weekly pending sales, new listing activity, and the average list-to-sold price ratio for Boise resale homes. These indicators provide an early look at buyer demand and price pressure before monthly closed-sale statistics are released.

This market update is a bit on the fly. Why? As of this writing, I’m negotiating on behalf of buyers and sellers–it’s feeling a bit like 2021 at the moment and some of our market indicators point that direction.

For residential resale in Boise, pending sales counts by week started out similar to previous years in January, rose in the first part of February, and have been well above 2023, 2024 and 2025 during the past few weeks. We are seeing multiple offers on new listings and meaningful price escalations in competitive situations.

For new listing activity, listings are similar to past years. This means that the increased pending activity is further squeezing our already low inventory.

Looking at the average original to sold price ratio, we are seeing an increase in the sold price relative to the original listing price. Closings so far in March are at the highest level since 2023. In 2021, February saw the peak of this number when it hit 110% of asking. We’re not at that point, but we are in an appreciating mode more than we’ve been in recent years.

We did see interest rates below 6% in January and these numbers may reflect those lower rates and particularly motivated buyers. However, activity we’re seeing on listings over the past week still show strong buyer activity, even with the conflict in Iran and rising rates. I suspect buyers are concerned about even higher rates in the near future and are locking in their rate now while it is still favorable.

Boise continues to benefit from strong long-term fundamentals: a desirable quality of life, limited land supply, and steady demand from both local and relocating buyers.

In markets like this, preparation and pricing strategy matter more than ever. Homes that are thoughtfully prepared and positioned correctly are selling quickly, while those that miss the mark are sitting longer and often requiring price adjustments.

We’ll continue watching the data closely as we move into the spring market. As always, our role is to help both buyers and sellers interpret what the numbers actually mean—and make smart decisions in the moment.