Treasure Valley Weekly Market Update | May 2026

Inventory continues rising while buyer activity softens slightly across Ada & Canyon Counties

The Treasure Valley housing market continues to shift as we move deeper into the spring season. Comparing today’s numbers to the same timeframe last month gives us a clearer look at what buyers and sellers are experiencing right now across Ada and Canyon Counties.

Over the last month, inventory has continued to grow, buyer activity has softened slightly, and pricing has remained relatively steady overall.

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This Week’s Snapshot (Compared to Last Month)

• Total Active Listings: 3,472 ⬆️ (from 3,178 last month)

• Pending Sales: 409 ⬇️ with an 11.78% pending rate
(from 447 pending sales / 14.10% pending rate)

• Median List Price: $589,990 ⬇️ slightly (from $599,000)

• Cancelled Listings: 124 ⬇️ (from 127)

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Treasure Valley Market Trends by Price Point

The charts below highlight inventory levels, pending activity, and market movement across different price points throughout Ada and Canyon Counties.

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Inventory Continues to Grow Across the Treasure Valley

Total active listings increased from 3,178 to 3,472 homes over the last month.

This continued inventory growth is creating more opportunities for buyers and bringing additional balance into the market. As more homes hit the market throughout the spring season, buyers are gaining more choices and becoming increasingly selective.

While inventory remains healthier than earlier this year, well-priced homes are still seeing strong activity.

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Buyer Activity Has Softened Slightly

Pending sales dipped from 447 to 409, while the overall pending rate moved from 14.10% down to 11.78%.

This doesn’t indicate a weak market. Instead, it reflects a more normalized spring market where buyers have additional inventory to compare and are taking more time before making decisions.

The Treasure Valley market remains active, but buyers are showing greater sensitivity to pricing, condition, and presentation.

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Home Prices Have Remained Relatively Stable

Median list prices remained fairly steady month over month.

• Ada County held steady at approximately $649,900
• Canyon County adjusted slightly from $499,999 to $494,495

This suggests pricing stability overall, even as inventory continues to rise.

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Cancelled Listings Stayed Consistent

Cancelled listings improved slightly, dropping from 127 to 124.

Even with additional inventory entering the market, cancellations have remained relatively stable, which is a positive sign for overall market health and seller expectations.

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What This Means for Buyers

Buyers are entering a market with more options and slightly less urgency compared to earlier this spring.

That said, desirable homes that are priced correctly and show well are still moving quickly. Preparation, strategy, and understanding local market trends continue to matter.

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What This Means for Sellers

Sellers are still in a solid position, but competition is increasing as inventory grows.

Homes that stand out online, are priced strategically, and are presented well continue to attract strong buyer attention. Overpricing or entering the market unprepared is becoming more noticeable as buyers gain more choices.

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Final Thoughts

The Treasure Valley real estate market continues moving toward a healthier and more balanced spring market.

Inventory is rising, buyer activity remains strong overall, and pricing has remained relatively stable across Ada and Canyon Counties. Month-over-month comparisons continue to provide valuable insight into how quickly the market is evolving in real time.

As we head further into the summer season, we expect inventory, competition, and buyer activity to remain steady throughout the Boise area and surrounding Treasure Valley communities.

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West Real Estate Group
📞 208-501-8200
🌐 westrealestategroup.com