Buyers Regain Leverage as Housing Inventory Rises
After years of limited inventory and intense bidding wars, the housing market is finally shifting giving buyers across the country a welcome opportunity. National inventory levels are the highest they’ve been in over five years, and in Boise, we’ve reached three months of supply—for buyers, this means more choices and better negotiation power.
A National Shift: More Homes, More Leverage
For the first time since before the pandemic, the market is tilting in favor of buyers. Across the U.S., the number of homes for sale has climbed above one million, the highest level since 2019. Experts note that the number of sellers now significantly exceeds the number of buyers—the widest gap in over a decade.
Homes are staying on the market longer, and sellers are reducing prices. Although mortgage rates remain elevated, the surge in available homes has slowed buyer urgency. As a result, there’s more room to negotiate on price, closing costs, repairs, and more.
Boise Market Snapshot: A More Balanced Playing Field
Locally, Boise is following suit. After years of extremely tight inventory, Ada County now has roughly three months of supply, up significantly from just a year ago. This signals a return to a more balanced market allowing greater parity between buyers and sellers.
Prices have stabilized but remain relatively strong. In many cases, well-prepared homes are still selling close to list price, but there’s more variability. Some listings are sitting longer, giving buyers a chance to negotiate or ask for concessions.
What This Means for Buyers
Here’s what the current market offers:
- More options
Buyers are no longer limited to just a handful of homes. More inventory means more selection—and less pressure to settle. - Negotiating power
Homes that sit on the market longer often see price reductions. Sellers are increasingly open to negotiating on price, repairs, or covering closing costs. - Less urgency
You’re less likely to compete with multiple offers and more likely to have time to make a decision that feels right. - Builder incentives
New construction is thriving across the Treasure Valley, and many builders are offering incentives—such as rate buydowns or upgrade packages—to attract buyers.
Smart Tips for Today’s Market
Even though buyers have more leverage, being strategic still matters:
- Get pre-approved so you’re ready when the right home comes along.
- Pay attention to homes that have been on the market for a while—these are often more negotiable.
- Work with an agent who understands the market and can help you identify opportunities.
Thinking About Buying?
If you’re considering a move, this shift in the market could work to your advantage. More homes, more time, and more negotiating power create real opportunities for savvy buyers.
Have questions about buying or selling a home in Boise?
I’m happy to help—feel free to call, text, or email anytime.
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