Treasure Valley Weekly Market Update | May 2026

Inventory continues rising across Boise, Meridian, Eagle, Nampa, and surrounding Treasure Valley communities while buyer activity becomes more selective.

The Boise area real estate market continues shifting as we move deeper into the spring and early summer season. Comparing this week’s numbers to the same timeframe last month provides a clearer picture of what buyers and sellers are experiencing right now across Boise, Meridian, Eagle, Kuna, Star, Nampa, Caldwell, and surrounding Treasure Valley communities.

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

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Quick Market Takeaways

• Inventory increased across Ada and Canyon Counties
• Buyers are becoming more selective as options grow
• Median pricing remained relatively stable month over month
• Well-priced homes are still moving quickly
• Sellers are facing more competition as inventory rises

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This Week’s Snapshot (Compared to Last Month)

• Total Active Listings: 3,482 ⬆️ (from 3,237 last month)

• Pending Sales: 420 ⬇️ with a 12.06% pending rate
(from 463 pending sales / 14.30% pending rate)

• Median List Price: $589,994 ⬇️ slightly (from $598,900)

• Cancelled Listings: 91 ⬇️ (from 101)

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Inventory Continues to Increase Across Boise & the Treasure Valley

Total active listings increased from 3,237 to 3,482 homes over the last month.

This continued inventory growth is creating more opportunities for buyers throughout Boise, Meridian, Eagle, Star, Kuna, Nampa, and Caldwell. As more homes enter the market, buyers are gaining additional choices and becoming more selective when evaluating pricing, condition, and location.

While inventory levels are increasing, desirable homes that are well-prepared and priced correctly are still seeing strong activity.

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Buyer Activity Has Softened Slightly

Pending sales decreased from 463 to 420, while the overall pending rate moved from 14.30% down to 12.06%.

This doesn’t necessarily indicate a weak market. Instead, it reflects a more balanced spring market where buyers have additional inventory to compare before making decisions.

The Treasure Valley market remains active overall, but buyers are becoming more sensitive to:

• Pricing
• Home condition
• Presentation
• Location
• Interest rates

Homes that stand out are still moving quickly, especially in popular Boise area communities.

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What Price Points Are Moving the Most?

The strongest activity continues to happen in the mid-range price points throughout the Treasure Valley.

• Homes between approximately $400,000–$700,000 are still seeing healthy buyer demand
• Higher-end inventory above $1M is taking longer to absorb
• Entry-level inventory remains relatively limited throughout Boise and Meridian

This reflects continued demand for move-up and family homes across Ada and Canyon Counties.

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Home Prices Have Remained Relatively Stable

Median list prices remained fairly steady month over month.

• Ada County remained steady around $650,000
• Canyon County adjusted slightly from $499,880 to $489,990

This suggests pricing stability overall despite rising inventory levels throughout the Treasure Valley housing market.

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Cancelled Listings Improved

Cancelled listings dropped from 101 to 91 over the last month.

This is a positive sign that seller expectations are becoming more aligned with today’s market conditions, even as inventory and competition continue increasing.

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What This Means for Buyers

Buyers across Boise, Meridian, Eagle, Nampa, and the surrounding Treasure Valley are entering a market with more choices and slightly less urgency than earlier this spring.

However, well-priced homes in desirable areas are still moving quickly. Preparation, strong financing, and understanding local market trends remain extremely important.

👉 Thinking about moving to the Treasure Valley? Explore our local area guides and community insights here: Click Here!

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What This Means for Sellers

Sellers are still in a strong position overall, but inventory growth is creating additional competition.

Homes that:

• Stand out online
• Are priced strategically
• Show well in person
• Have strong marketing

continue to perform best in today’s market.

Overpricing is becoming increasingly noticeable as buyers gain more options throughout the Boise area housing market.

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Frequently Asked Questions

Is Boise still a seller’s market?

Yes, but the market is becoming more balanced as inventory continues to rise. Well-priced homes are still moving quickly, especially in desirable areas.

Are home prices dropping in the Treasure Valley?

Overall pricing has remained relatively stable. Some individual price points and areas are seeing small adjustments as inventory grows.

Is now a good time to buy in Boise or Meridian?

For many buyers, yes. Increased inventory is creating more opportunities and slightly less competition compared to earlier this spring.

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Final Thoughts

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

Inventory is increasing, buyer activity remains solid overall, and pricing has remained relatively stable across Boise, Meridian, Eagle, Nampa, Kuna, Star, and surrounding Ada and Canyon County communities.

Month-over-month comparisons continue providing valuable insight into how quickly the market is evolving in real time.

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📲 Curious what your home is worth in today’s market or how much buying power you have right now?

👉 Get your updated home value here: Click Here!

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