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Real Estate Market Update June 2016

Posted by Lisa Kohl on Monday, July 11th, 2016 at 1:11pm.

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 decreased to 3.57% in June (down 0.41% from 12 months ago)

Local Real Estate Markets in June

Ada County

  • Median List Price $353,000
  • Median Sold Price $353,000
  • Days on Market 39
  • Total Sold 1,135

Eagle, Idaho

  • Median List Price $394,950
  • Median Sold Price $389,950
  • Days on Market 32
  • Total Sold 110

Kuna, Idaho

  • Median List Price $191,945
  • Median Sale Price $190,995
  • Days on Market 12
  • Total Sold 58

Meridian, Idaho

  • Median List Price $249,950
  • Median Sold Price $253,500
  • Days on Market 13
  • Total Sold 304

Star, Idaho

  • Median List Price $249,900
  • Median Sale Price $245,000
  • Days on Market 19
  • Total Sold 49

Canyon County

  • Median List Price $163,950
  • Median Sale Price $164,301
  • Days on Market 33
  • Total Sold 422

Caldwell, Idaho

  • Median List Price $149,450
  • Median Sold Price $148,492
  • Days on Market 12
  • Total Sold 108

Middleton, Idaho

  • Median List Price $194,000
  • Median Sold Price $182,000
  • Days on Market 8
  • Total Sold 31

Nampa, Idaho

  • Median List Price $162,000
  • Median Sold Price $161,000
  • Days on Market 8
  • Total Sold 245

Boise Real Estate Agent Lisa KohlLisa Kohl

Lisa Kohl is a professional Realtor in Boise, Idaho. Questions about the local real estate market? Contact us online or call (208) 391-4466.

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