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June 2016

Found 1 blog entry for June 2016.

Boise Real Estate Market Update May 16

The higher level of available homes for sale in May kept home prices little changed from April. Overall we are still very much in a sellers market. The inventory of homes remains extremely low, and demand remains high. May Boise real estate summary:

  • The median list price increased to $229,000 in May (up 9.05% from 12 months ago)
  • The median home price increased to $227,522 in May (up 8.86% from 12 months ago)
  • Total home sales increased to 513 in May (up 5.77% from 12 months ago)
  • Median days on market increased to 8 days in May (unchanged 12 months ago)
  • Available homes for sale increased to a 1.57 months supply in May (down 48% from 12 months ago)
  • Mortgage rates decreased to 3.60% in May (down 0.24% from 12 months ago)

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