Boise Housing Market, Week of June 29, 2026

Boise Market Pulse

Week of June 29 · from Camille Hubbard's team

This week's lean

An even week in the market.

Asking and signing moved together. Neither buyers nor sellers gained real ground.

What moved · resale · vs last week

The full board · vs last week

Signed = went under contract. Days = median time on market for listings, or median time to contract for signed. Exact figures in the story below.

Sellers in Boise are starting to see the longer waits and tougher negotiations that come with summer inventory. More homes sat on the market this week, and asking prices nudged down again, signaling that buyers are holding out and picking their battles. If you are shopping, that means more leverage and less pressure to rush, especially on existing homes. For sellers, it is a clear sign that being flexible on price and terms is now the norm, not the exception.

The biggest change this week? Pending sales are down sharply in both new and resale homes, even as mortgage rates just hit a seven-week low. That tells me buyers are still cautious, weighing their options and waiting for the right fit instead of jumping at the first listing.

Existing homes

Resale homes are lingering longer, now taking a typical 29 days to get an offer. That is nearly a week slower than last week. The number of homes for sale dipped to 992, down by 36, so some sellers may be pulling listings or waiting for better conditions. The median asking price slipped again, now at $645,000, a small drop of $1,150.

Pending sales saw the biggest shift. Only 574 resale homes are under contract right now, down 58 from last week. That is a noticeable slowdown, and the typical pending price held flat at $586,000. Homes going under contract are taking a little longer too, now 11 days on the market instead of 9. The message for sellers: be prepared for more negotiation and less certainty. For buyers, the quieter pace means more time to consider your options and a little more power at the table.

New construction

Brand new homes took a significant price cut this week. The median list price for new construction dropped by $20,045 to $679,945. Builders are clearly feeling the pressure to compete with resales that are sitting longer and getting price reductions. The number of new homes for sale held almost steady at 376, but the wait to sell is stretching, with the typical new home sitting for 63 days now.

Pending new construction sales dropped sharply to 157, down 29 from last week. The median price on these pending deals is $647,000, and they are sitting for about 54 days before going under contract. That is a small improvement in speed, but the overall pace is slow. If you are looking at new builds, this is the most buyer-friendly environment we have seen all summer. Builders are showing more willingness to deal, and there is less competition from other buyers.

The bigger picture

Nationally, mortgage rates eased to 6.43%, the lowest in nearly two months, but most buyers in Boise are still feeling the pinch. Rates are not expected to drop much further this year, and the Federal Reserve is strongly hinting that another hike could be on the table by the end of July. Inflation and flat job growth are making everyone more cautious, including out-of-state buyers who have driven much of Boise’s demand over the past few years.

What does that mean locally? Sellers should expect longer days on market and more back-and-forth on price. Buyers have more inventory than earlier this spring, and the power to negotiate—especially on homes that have been sitting. If you are trying to move up, keep in mind that higher mortgage costs mean every dollar counts, so be ready to negotiate hard on both the sale of your current home and the purchase of your next one.

The market is settling into a slower, more thoughtful pace. No one is rushing, and both sides are looking for value. If you are patient, this quieter summer could be your best chance to get the right deal—whether you are buying or selling.