Boise Housing Market, Week of October 19, 2026

Boise Market Pulse

Week of October 19 · from Camille Hubbard's team

This week's lean

The week leaned toward sellers.

More buyers committed, and they paid closer to asking. Hesitation had a cost this week.

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.

Builders in Ada County have more brand new homes on their hands than at any point since the summer, and those homes are taking longer to sell. If you are shopping for a new build, that shift matters more than any single price tag this week.

Resale is moving the other way. There are fewer resale homes for sale, and sellers keep nudging their asking prices up. So you have two very different markets in one county.

Existing homes

There are 876 resale homes for sale, down 9 from last week. That is the lowest count of any saved week, down 108 since the week of June 29. Fewer choices for buyers, less competition for sellers.

The median asking price rose $2,910 to $629,860. That makes four weeks in a row of increases, each week since the week of September 28. Sellers feel confident.

Buyers are signing at much lower numbers. The median price on resale homes that went under contract is $542,350, up $2,300 from last week's $540,050, which was the lowest saved week. There are 449 resale homes under contract, up 8 for the week but down 193 (30.1%) from 642 in the week of July 27. Far fewer deals are getting done than in midsummer.

Deals also take longer to come together. Resale homes that went under contract took a median of 18 days to get there, the slowest of the saved weeks and up 8 days from 10 days in the week of June 29. Homes still waiting for a buyer have been listed a median of 34 days. My take: the homes getting offers are priced near what buyers are actually paying, not near what neighbors are asking.

New construction

Builders now have 523 new homes for sale, up 8 this week. That is six weeks in a row of growth, each week since the week of September 14. It is the highest count of the saved weeks, up 139 (36.2%) from 384 in the week of June 29.

Those homes are sitting. New builds still for sale have been on the market a median of 68 days, the longest of the saved weeks. The ones that did go under contract took a median of 66 days to get there, up 7 days from last week and also the longest saved.

Asking prices barely moved, up $36 to $599,936, which is still below the resale asking price. The prices buyers actually agreed to dropped $2,238 to $577,838, the lowest of the saved weeks. That is down $82,701 (12.5%) from $660,539 in the week of July 27. If I had to guess, the growing pile of unsold homes is why builders are making deals, and buyers have real room to ask for price cuts, rate buydowns, or upgrades.

The bigger picture

The 30-year fixed averaged 7.32% as of 2026-10-22, per Freddie Mac. That is a slight easing, but rates are still high. The Fed meets October 27 and 28 and is widely expected to hold steady, so I would not plan on relief soon. Oil above $100 a barrel adds pressure too, especially for commuters in Kuna, Star and outer Meridian, and it can raise building costs.

The long-term picture is steadier. Micron's expansion is projected to create nearly 18,000 jobs, which should support demand here for years.

Buyers, start with your real monthly payment, rate included, then look hard at new construction, where builders have the most homes to move. Sellers of resale homes, low inventory helps you, but price to what is going under contract, not to the highest list price on your street.

If you want to see how these numbers apply to your home or your budget, reply anytime. I am happy to run them with you.