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