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Sheila Smith Real Estate Group

Sheila Smith Real Estate Group

Homes in Boise, Meridian, Eagle, Nampa, Caldwell, and greater Idaho areas.

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‘Signs of normalizing’: Data shows lower home prices in Boise in June…

September 3, 2022

Home prices in Ada County dropped in the month of June, according to data from the Boise Regional REALTORS, writes Idaho Press reporter Sydney Kidd. And this trend looks like it may continue for the near future, said Boise Realtor Sheila Smith, who says she expects home prices to continue dropping for the next couple months.

“I always say I can’t predict the future. But you can generally see what’s going to happen in the next month,” Smith said.

In May, median sales price for homes in Ada County passed $600,000. But it dropped to $592,090 in June, according to the data. Smith said mortgage rates doubling, prices reaching a peaking point and so many people rushing to put their homes on the market have led to this rapid change.

“There is a dip, but mostly it is a lot of price dropping and the inventory is doubling,” Smith said. “It used to be that there were twice as many solds as actives and almost no back-on-markets or price changes, and it has consistently now for the past six weeks, been the opposite.”

You can read Kidd’s full story here at idahopress.com (subscription required), or pick up today’s Idaho Press; it’s on the front page.

Filed Under: Articles Tagged With: Boise, Boise Housing, Housing Market

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    Boise, ID 83702
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5605 S Zaivcla Ave $789,900

5605 S Zaivcla Ave Meridian, Idaho

4 Beds 4 Baths 3,802 SqFt 0.150 Acres

6536 S Rohanna Way $615,000

6536 S Rohanna Way Boise, Idaho

3 Beds 3 Baths 2,501 SqFt 0.200 Acres

10871 Highway 55 $599,900

10871 Highway 55 Cascade, Idaho

3 Beds 2 Baths 1,563 SqFt 7.830 Acres

517 Boise St $592,000

517 Boise St Middleton, Idaho

3 Beds 2 Baths 1,620 SqFt 1.640 Acres

4457 N Waterfront Way $575,000

4457 N Waterfront Way Boise, Idaho

4 Beds 3 Baths 1,955 SqFt 0.200 Acres

1814 S Rand St $474,000

1814 S Rand St Boise, Idaho

3 Beds 2 Baths 1,912 SqFt 0.150 Acres

124 Saddlenotch Dr $349,000

124 Saddlenotch Dr Horseshoe Bend, Idaho

3 Beds 2 Baths 1,322 SqFt 0.106 Acres

14199 Tara St $324,000

14199 Tara St Caldwell, Idaho

3 Beds 2 Baths 1,284 SqFt 0.140 Acres

517 Boise St $592,000

517 Boise St Middleton, Idaho

1.640 Acres

2220 S Atlantic St $195,000

2220 S Atlantic St Boise, Idaho

0.140 Acres

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Sheila Smith Real Estate Group
1420 W Washington St.
Boise, ID 83702

(208) 254-2090

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