In January 2016 the Boise Real Estate Market saw lower mortgage rates and very few homes for sale. Keep in mind, home sales in January’s are around half what we typically see in an average month. The numbers are always going to be exaggerated. Let’s take a look at the real estate market numbers for Boise, Idaho:
- The median list price decreased to $195,000
- The median home price decreased to $194,000
- Median days on market increased to 33 days
- Available homes for sale increased to a 1.45 months supply
- Mortgage rates decreased to 3.79 percent
Boise Home Prices
The Boise median home price in December came in at $194,000. That is a decline from the $200,000 we saw last month. At this time last year, the median was $185,000.
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