
*Data based on Selkirk MLS effective date 06/16/2025
Summer has officially arrived—and while more Bonner and Boundary County sellers are bringing their properties to market, the anticipated wave of buyers is more of a trickle. Though there’s an undercurrent of interest based on web hits and inquiries, investors aren’t exactly flooding in.
In the past 30 days—compared to the previous month—16% fewer homes have sold, and the median price has remained steady with just a 1% uptick. Taking a broader, satellite view, 2025 year-to-date sales volume is down 8% compared to 2024, even as prices have climbed 7%. Homes are also taking about three weeks longer to sell than they did this time last year. The question is: how long will sellers wait out these doldrums, and when will the winds shift?
Where’s the money coming from?
So far in 2025, 36% of residential buyers have brought cash to the closing table, while 60% have weathered fluctuating mortgage rates to finance their purchase. The year-to-date median sales price is holding at 99% of median asking price. We’re in a balanced market, with cautious buyers who are still ready to make it rain—for the right property.
What about land? Land sales remain rock solid, closing at an average of 99% of final asking price over the past 30 days. Cash is king here too, with 65% of land buyers paying in full. However, the median sales price for local dirt has dipped 8%, signaling a cooling trend and renewed interest in more affordable parcels. Will summer breezes stir up a pricing shift? Stay tuned.
Our market is constantly changing.