Boise Housing Market, Week of June 8, 2026

Boise Market Pulse

Week of June 8 · from Camille Hubbard's team

Prices on existing homes in Boise just took their biggest weekly drop since spring, while the number of resale listings keeps climbing. For buyers, that means more choices and a little extra room to negotiate. For sellers, it is a signal that standing out will take more than just a new coat of paint. Meanwhile, new construction prices are holding up better, but those homes are sitting on the market for almost two months before finding a buyer.

The gap between what sellers want and what buyers are willing to pay is growing, especially for resale homes. If you are thinking of listing, it is time to get realistic about pricing and expect buyers to take their time.

Existing homes

The typical asking price for a resale home in Boise dropped by $12,501 this week, landing at $662,499. That is a noticeable move down after last week’s small bump up. It is also the sharpest single-week price drop we have seen since the spring slowdown. At the same time, more sellers are testing the market. There are now 948 existing homes for sale, up by 24 from last week. That is the third week in a row inventory has climbed, giving buyers their pick of the bunch.

The number of resale homes going under contract ticked up a bit, with five more homes pending this week, holding steady at 648. The median pending price did not budge, sticking at $574,900. Buyers are still moving quickly when they see value, with most deals coming together in about nine days. For sellers, the message is clear: price it right and you can still attract serious buyers. For buyers, there is less pressure to rush, but the best-priced homes are still moving fast.

New construction

Brand new homes are taking even longer to sell. The typical new build now sits on the market for 57 days before finding a buyer, up four days from last week. Active new construction prices dipped just a bit, down $4,910 to $669,990, but have not seen the same steep drop as existing homes. Builders are holding steady on asking prices, but the real change is in what buyers are actually paying. Pending prices on new builds jumped $9,910 to $624,900 this week. That suggests buyers are willing to pay up for the right property, or perhaps for upgrades or incentives, even as the wait times stretch out.

The number of brand new homes for sale did not change, holding at 389. Pending new construction deals slipped by just one unit, resting at 186. If you are shopping new construction, you have a stable set of options, but you may need to negotiate or wait longer for a deal to come together.

The bigger picture

Mortgage rates are still sitting around 6.5%, and that is keeping a lid on how much buyers can spend, especially for first-timers or anyone looking in the under $500,000 range. Homes in that segment, particularly in Meridian and Nampa, are sitting longer. Sellers who have been waiting for a rate drop are now facing more competition as inventory builds up around them.

National employment numbers are showing a bit of softening, and the Federal Reserve has started to cut rates, but so far it is not enough to spark a rush of buyers. If you are a local service or tech worker hoping for a break on monthly payments, it may come in small steps rather than a sudden drop. Meanwhile, new construction is not likely to flood the market anytime soon, with material costs creeping up and fewer new starts on the horizon.

If I had to guess, we are settling into a summer market that feels more balanced than frantic. Buyers have more choices and a little more time. Sellers who focus on value and presentation will still get results, but gone are the days of multiple offers on day one. The Boise market is giving everyone a bit more breathing room, and that is not a bad thing.