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)