Boise home prices are holding steady. Last month home sales hit a multi-year high and available homes for sale hit a multi-year low. Overall we are still very much in a seller's market. The inventory of homes remains extremely low, and demand remains high, particularly below $200,000. July 2016 housing market summary:
- The median list price decreased to $229,496 in July (up 9.36% from 12 months ago)
- The median home price decreased to $228,000 in July (up 8.62% from 12 months ago)
- Total home sales decreased to 533 in July (up 4.10% from 12 months ago)
- Median days on market remained unchanged at 8 days in July (down five days from 12 months ago)
- Available homes for sale increased to a 1.59 months supply in July (down 38% from 12 months