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September 2016

Found 1 blog entry for September 2016.

Boise Real Estate Market Update August 2016

Boise home prices are holding steady and are basically unchanged from April. Although the inventory of homes remains extremely low, and demand remains high, particularly below $200,000. Overall we are still very much in a seller's market. August 2016 housing market summary:

  • The median list price increased to $229,900 in August (up 6.98% from 12 months ago)
  • The median home price decreased to $227,750 in August (up 8.36% from 12 months ago)
  • Total home sales decreased to 508 in August (up 11.16% from 12 months ago)
  • Median days on market increased to 14 days in August (down five days from 12 months ago)
  • Available homes for sale increased to a 1.74 months supply in August (down 15% from 12 months ago)
  • 30-year mortgage rates remained
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