Buying a home in Boise will be a struggle for many people looking to purchase a home. 

Realtor.com released a list of where the number of homes for sale has fallen the most, and Boise finds itself on that list. Realtor.com says, "Only 31 of the 100 largest metropolitan areas experienced an increase in the number of homes for sale in July compared with a year earlier. That means inventory dropped in the other 69 metros." 

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Realtor.com economic research analyst Hannah Jones gave two reasons. The first is that buyer demand is outpacing listing activity or that new listing activity is low and eating into the active inventory. 

Fewer houses on the market make it more difficult for buyers to find a place they can afford. With near-record home prices and mortgage interest rates hovering around 7%, bidding wars, offers over the asking price, and so many people competing over a lack of homes on the market can be strenuous on home buyers. 


 

Where the Number of Homes for Sale Has Fallen The Most

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1. Stockton, California: 

  • July median list price: $587, 800 
  • July active listings: 579
  • Year-over-year change in active listings: -56.2%

 

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2. Phoenix, Arizona

  • July median list price: $539,900
  • July active listings: 8,232
  • Year-over-year change in active listings: -42.4%

 

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3. Seattle, Washington:

  • July median list price: $815,000
  • July active listings: 4,267
  • Year-over-year change in active listings: -38.7%

 

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4. Worcester, Massachusettes:

  • July median list price: $518, 900
  • July active listings: 731
  • Year-over-year change in active listings: -37.2%

 

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5. Bridgeport, Connecticut:

  • July median list price: $1,099,500
  • July active listings: 1,329
  • Year-over-year change in active listings: -36.4%

 

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6. Boise, Idaho

  • July median list price: $599,000
  • Year-over-year change in active listings: -35.9%

Boise Residents Are Abandoning the Treasure Valley for These 15 Appealing Cities

In 2022, Stacker put together a list of metros people from Boise were moving to based on information collected from the U.S. Census Bureau. Their information was from the "Metro Area-to-Metro Area Migration" data set from 2015-2019. A newer set for the years 2016-2020 is now available, so re-ranked the list and updated the information about the following cities using the most current data available from each of our sources.

LOOK: Here's where people in every state are moving to most

Stacker analyzed the Census Bureau's 2019 American Community Survey data to determine the three most popular destinations for people moving out of each state.

 

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