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July 2016

Found 1 blog entry for July 2016.

Boise Real Estate Market Update June 16

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
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