The Best Time to Buy a House in Idaho
Idaho has a booming economy and a rapidly climbing housing market. Timing the market can be tricky when looking to purchase a home, but plenty of options can be found during the spring buying season throughout the state. In winter there are deals to be found.
Buying a house is a stressful and emotional process. You’ll likely have to spend weeks touring properties, fill out hundreds of forms, and invest a large chunk of your savings to secure the right house.
One way to make buying a house easier is starting the process at the right time. In Idaho, housing inventory, mortgage rates, and market trends vary from month to month.
For example, this year listing prices for homes in Idaho were lowest in April. On average, homes were $72,812 less expensive. While in November — the month with the highest prices — the listing prices were $156,096 more than the annual average.
In truth, the best time to buy a house really depends on your priorities and situation. Read on to find out which time of year will give you the most options and the biggest savings when buying a house in Idaho.
If you’re interested in buying a home, the first step in the home buying journey is getting preapproved by a licensed lender. Even if you’re already pre-approved, shopping around for lower rates can pay dividends over the life of the loan.
You can fill out the form below to be instantly matched with a licensed lender who knows the area and can guide you through the process