Real Estate Market Update June 2016
Posted by Lisa Kohl on Monday, July 11th, 2016 at 1:11pm
June brings a new record high for Boise home prices. Home sales hit a multi-year high in June. Available homes for sale hit a multi-year low. Overall we are still very much in a sellers market. The inventory of homes remains extremely low, and demand remains high. June housing market summary:
- The median list price increased to $239,000 in June (up 9.13% from 12 months ago)
- The median home price increased to $237,250 in June (up 8.58% from 12 months ago)
- Total home sales increased to 596 in June (up 5.49% from 12 months ago)
- Median days on market remained unchanged at 8 days in June (down five days from 12 months ago)
- Available homes for sale increased to a 1.48 months supply in June (down 38% from 12 months ago)
- Mortgage rates decreased to 3.57% in June (down 0.41% from 12 months ago)
Local Real Estate Markets in June
Ada County
- Median List Price $353,000
- Median Sold Price $353,000
- Days on Market 39
- Total Sold 1,135
Eagle, Idaho
- Median List Price $394,950
- Median Sold Price $389,950
- Days on Market 32
- Total Sold 110
Kuna, Idaho
- Median List Price $191,945
- Median Sale Price $190,995
- Days on Market 12
- Total Sold 58
Meridian, Idaho
- Median List Price $249,950
- Median Sold Price $253,500
- Days on Market 13
- Total Sold 304
Star, Idaho
- Median List Price $249,900
- Median Sale Price $245,000
- Days on Market 19
- Total Sold 49
Canyon County
- Median List Price $163,950
- Median Sale Price $164,301
- Days on Market 33
- Total Sold 422
Caldwell, Idaho
- Median List Price $149,450
- Median Sold Price $148,492
- Days on Market 12
- Total Sold 108
Middleton, Idaho
- Median List Price $194,000
- Median Sold Price $182,000
- Days on Market 8
- Total Sold 31
Nampa, Idaho
- Median List Price $162,000
- Median Sold Price $161,000
- Days on Market 8
- Total Sold 245
Lisa Kohl
Lisa Kohl is a professional Realtor in Boise, Idaho. Questions about the local real estate market? Contact us online or call (208) 391-4466.
More From Our Blog...
Housing Market Trends
Leave A Comment