May List Prices in Boise Up 16.38% Over Last Year

Data from Realtor.com’s May 2013 monthly housing summary indicates that seller supply and buyer demand are beginning to equalize. With the national housing inventory rising 5.82% from last month, Realtor.com states that “The May 2013 month-over-month increase in inventory signals the beginning of a less volatile market and a greater balance between supply and demand.” National median list prices reached $199,000, 4.79% more than May 2012 and 2.10% more than April 2013. Boise, Idaho’s median list price continued to increase in May. 

Up 16.38% from a year ago, and up 4.18% from last month, Boise’s median list price in May reached $197,835. Inventory in Boise remained tight as Realtor.com reported Boise’s total listings at 3,108 units, 3.93% less than a year ago and 1.90% up from April. The median age of inventory was 50 days, down 16.67% from May 2012 and up 4.17% from April 2013. http://bit.ly/OMQDug

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