Treasure Valley Real Estate Market Update | Month-Over-Month Trends

Inventory Continues to Rise While Home Prices Hold Steady Across the Treasure Valley

As we move deeper into the summer selling season, the Treasure Valley housing market continues to evolve. Comparing this week's numbers to the same timeframe one month ago provides valuable insight into what buyers and sellers are experiencing across Boise, Meridian, Eagle, Star, Kuna, Nampa, Caldwell, and the surrounding communities.

The latest data shows inventory continuing to grow, buyer activity becoming more selective, and home prices remaining remarkably stable despite increased competition.

Quick Market Takeaways

✔️ Inventory continues to increase across Ada and Canyon Counties

✔️ Buyers have more choices than they did a month ago

✔️ Home prices remain stable despite rising inventory

✔️ Pending activity softened as buyers became more selective

✔️ Cancelled listings improved compared to last month

This Week's Snapshot (Compared to Last Month)

Total Active Listings: 3,647 ⬆️ (from 3,472)

Pending Sales: 371 ⬇️ with a 10.17% pending rate (from 409 pending sales and an 11.78% pending rate)

Median List Price: $589,900 ➖ (essentially unchanged from $589,990)

Cancelled Listings: 105 ⬇️ (from 124)

Inventory Continues to Grow Across Boise and the Treasure Valley

Active inventory increased from 3,472 to 3,647 homes over the last month.

This increase provides buyers with more opportunities throughout Boise, Meridian, Eagle, Star, Kuna, Nampa, and Caldwell. As inventory continues building, buyers have more options to compare, creating a healthier and more balanced market than we experienced earlier this year.

For sellers, increased inventory means stronger competition and a greater need for strategic pricing and presentation.

Buyer Activity Has Softened

Pending sales declined from 409 to 371, while the overall pending rate decreased from 11.78% to 10.17%.

This does not necessarily indicate weakening demand. Instead, it reflects a market where buyers have more options and are taking additional time to evaluate homes before making offers.

Today's buyers are paying close attention to:

• Pricing
  
  
• Home condition
  
  
• Location
  
  
• Updates and upgrades
  
  
• Overall value

Well-prepared homes continue to attract strong interest and move quickly.

Home Prices Continue Showing Stability

One of the most encouraging trends in this month's data is the continued stability in home values.

Ada County

Median list price remained steady at approximately $650,000

Canyon County

Median list price adjusted slightly from $494,495 to $489,900

Treasure Valley Overall

Median list price remained virtually unchanged at $589,900

Despite increasing inventory levels, pricing continues to demonstrate resilience throughout much of the Treasure Valley.

What Price Points Are Seeing the Most Activity?

Current market activity continues to be strongest in the middle price ranges.

• Homes between $400,000 and $700,000 remain highly competitive
  
  
• Entry-level inventory remains limited in many areas
  
  
• Luxury inventory above $1 million typically requires longer marketing times

This trend continues to support strong demand throughout Boise, Meridian, Eagle, Star, Kuna, Nampa, and Caldwell.

Cancelled Listings Improved

Cancelled listings decreased from 124 to 105 over the last month.

This is a positive sign that sellers are adjusting pricing expectations and aligning more closely with current market conditions.

As inventory grows, homes that are:

• Priced correctly
  
  
• Professionally marketed
  
  
• Move-in ready
  
  
• Well-positioned in their price range

continue to outperform the competition.

What This Means for Buyers

Buyers have more leverage today than they did earlier this spring.

With additional inventory available, buyers have more opportunities to compare homes and negotiate favorable terms. However, desirable homes in sought-after neighborhoods are still moving quickly.

Preparation and strong financing remain important.

What This Means for Sellers

Sellers are still operating in a healthy market, but competition continues to increase.

The homes seeing the most success are those that:

• Enter the market priced correctly
  
  
• Show well online and in person
  
  
• Offer strong value compared to competing listings

As inventory continues to rise, these factors become increasingly important.

Frequently Asked Questions

Is Boise still a seller's market?

Yes, although the market is becoming more balanced as inventory increases. Well-priced homes continue attracting strong buyer interest.

Are home prices dropping in the Treasure Valley?

Overall, prices remain remarkably stable. While some areas and price points are seeing slight adjustments, the market continues to show strong pricing resilience.

Is now a good time to buy?

For many buyers, yes. Increased inventory is creating more opportunities and slightly more negotiating power than earlier this spring.

Final Thoughts

The Treasure Valley real estate market remains healthy as we move through the summer season.

Inventory is growing, buyers remain active, and home prices continue to hold steady throughout Boise, Meridian, Eagle, Star, Kuna, Nampa, Caldwell, and surrounding communities.

Month-over-month comparisons continue to provide valuable insight into how the market is evolving and help both buyers and sellers make informed decisions.

📲 Curious what your home is worth in today's market?

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West Real Estate Group
📞 208-501-8200
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