May Market Update: A Late Spring Surge

Boise Single Family Resale Market Update

The May market is off to a strong start, with a noticeable uptick in both buyer and seller activity. Just a few weeks ago, we were seeing signs that this spring might underperform compared to 2024—softer activity and a few caution flags suggesting a possible slowdown. But by the second half of April, things picked up, and early May has launched with energy. We’re now talking to more potential sellers than we were this time last year, and buyers seem to be coming out of the woodwork.

In some years, the spring market peaks by Mother’s Day. This year, it feels like it’s just getting started. If this pace continues, we’re likely to see a strong market into June.

Pending sales data backs this up. In the Boise resale market, weekly pending sales for early May 2025 are outperforming both 2023 and 2024—and nearly matching 2022, which was the tail end of the pandemic boom. This year got off to a slow start, but momentum kicked in around the end of March (week 13), and we’ve seen a clear and steady rise since. Historically, pending sales peak in April and decline gradually through the year, but this year is bucking the trend. It’ll be interesting to see whether this surge continues or settles back into a more typical seasonal rhythm.

At the same time that buyers are stepping up, new listings are also increasing. One of my favorite metrics to track is Flash Sales—homes that go pending within seven days of listing. In hot markets, the flash sale percentage climbs as buyers move fast. In slower markets, it dips as buyers take more time.

In 2025 so far, flash sales have held steady around the 40% mark—up from the lows of late 2023, but still below the 50–60% levels we saw in early 2023. This tells us that buyers are active, but they aren’t rushing. They’re moving with intention and weighing options, which reflects a more balanced and thoughtful market.

In early May, we saw a surge in new listings, which may explain why the flash sale percentage dipped slightly—even though pending sales were up, inventory rose enough that the percentage of homes going pending in under a week declined. More listings give buyers more to choose from, and that’s showing up in the data.

So what happens next?
Will growing inventory cool the market? Or will more options—and relatively stable pricing—entice even more buyers off the sidelines? It’s too soon to tell, but we’re watching it closely.

This month’s update is a little shorter than usual because we’re out there doing what we love—helping buyers and sellers navigate this exciting and dynamic market. If you’d like data specific to your neighborhood or situation, we’re always happy to help. Just reach out—we’re here for you!