Boise Market Balances Rising Prices and Inventory as Cautious Buyers Set the Pace
Posted by Lisa Kohl on
While national housing headlines point to a slowdown, the Boise real estate market tells a more local and more layered story.
In May, both home prices and inventory rose across Ada and Canyon counties, which isn’t the first time we’ve seen rising inventory and rising prices coexist.
In Ada County, the median sales price climbed to $579,900- up nearly 5.1% from May of last year. Canyon County prices were up 3.4% year over year with a median price of $433,990.
Homes that are priced strategically continue to draw near-full-price offers. In May, sellers in Ada County received 99.64% of their asking price on average; in Canyon County, it was 99.79%.
This “sale-to-list price ratio” reflects how close homes are selling to their original asking…
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