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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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  • 1420 W Washington St
    Boise, ID 83702
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1802 S Eagleson Rd $724,900

1802 S Eagleson Rd Boise, Idaho

3 Beds 3 Baths 2,146 SqFt 0.160 Acres

3932 S Duston Pl $549,900

3932 S Duston Pl Boise, Idaho

4 Beds 3 Baths 2,508 SqFt 0.140 Acres

2706 S Malibu Rd $487,900

2706 S Malibu Rd Boise, Idaho

4 Beds 3 Baths 2,730 SqFt 0.210 Acres

10465 W Arnold Rd $449,900

10465 W Arnold Rd Boise, Idaho

4 Beds 2 Baths 1,520 SqFt 0.181 Acres

1814 S Rand St $449,800

1814 S Rand St Boise, Idaho

3 Beds 2 Baths 1,912 SqFt 0.150 Acres

7203 N Parkcrest Ave $439,900

7203 N Parkcrest Ave Boise, Idaho

3 Beds 2 Baths 1,310 SqFt 0.190 Acres

5889 S Tulip Pl $399,000

5889 S Tulip Pl Boise, Idaho

3 Beds 2 Baths 1,213 SqFt 0.160 Acres

1816 W Roberts Ave $375,000

1816 W Roberts Ave Nampa, Idaho

3 Beds 2 Baths 1,635 SqFt 0.180 Acres

5650 N Willowlawn Way $355,000

5650 N Willowlawn Way Garden City, Idaho

2 Beds 2 Baths 1,142 SqFt 0.140 Acres

427 7th Ave N $299,000

427 7th Ave N Nampa, Idaho

3 Beds 2 Baths 1,482 SqFt 0.140 Acres

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  • ‘Signs of Normalizing’: Data shows lower home prices in Boise in June

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

(208) 254-2090

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