Super Hot Boise Real Estate Market Takes A Hit

According to the Idaho Statesman, the coronavirus is taking a toll on the overheated Boise real estate business. The state's governor recently advised Idahoans to stay home for 21 days which would make showing and closings hard to do. “I would imagine there’s going to be very little activity in the next few weeks,” said Mike Turner, an agent with Amherst Madison Real Estate Advisors. Some real estate pros are looking for exemptions to avoid a total shutdown.

Rick Gehrke, a Nampa agent with Re/Max Executives, said his agency spent Wednesday afternoon trying to learn what the governor’s order meant. He said there’s a push to have Little issue an exemption. Speaking by phone, Gehrke said appraisers, inspectors, title companies and banks will be allowed to operate as normal.

Michelle Bailey, president of Boise Regional Realtors, declined comment and referred a reporter to Idaho Realtors, a statewide association representing real estate agents. Idaho Realtors did not immediately return a call for comment late Wednesday afternoon.