Housing Supply Growth Slows in February While Home Prices Increase
After a 24 consecutive month run of year-over-year increases in housing supply for both Ada and Canyon County, the trend came to an end in February. Available listings in Canyon County dropped 3.7% last month when compared to the same month last year. In Ada County, inventory was up 4.4% compared to February 2025, due to additional new home listings.
Despite two years of inventory growth, the Treasure Valley housing market is still not considered “balanced,” or not favoring buyers or sellers.
This imbalance can be seen with the months supply of inventory metric; which indicates how long the current supply of listed homes would last if no new listings were added. It’s calculated by dividing the current inventory by the average sales from the last 12 months. A balanced market is typically considered 4-6 months of supply. In February, Ada County had 2.0 months of supply, while Canyon County had 2.4 months.
“We are currently undersupplied when it comes to listings, but we expect that to improve with the typical spring selling season and based on the listing activity we’re already seeing in our office,” says Yvonne Niedergesaess, real estate agent with The Agency Boise. The majority of the supply of homes we currently have is thanks to builders, with new homes making up 56% of inventory share in Ada County and 60% in Canyon County. “Ideally, we’ll have a significant increase in existing/resale listings in the next few months to give buyers more options and meet housing demand.”
Speaking of demand, home sales and pending sales increased in Ada County, up 6.8% and 14.4% year-over-year, respectively, in February. Activity was slightly more sluggish last month in Canyon County, with home sales down 2.9% compared to last year, and pending sales 2.7% lower than the same month a year ago.
Home prices ticked up slightly for both counties in February, with the median sales price for Ada County reaching $538,000, 1.5% higher or $8,000 more than in February 2025. The median sales price for homes that closed in Canyon County last month was $441,990, up 6.0% compared to February 2025.
If you’re planning to list your home, it’s a great time to start in order to be ready for the typically busy spring market. “Pricing competitively, prepping the home with repairs and/or staging and a strategic marketing approach are key to achieving a successful sale that meets your financial and timing goals,” added Niedergesaess. Consult with a trusted real estate professional now to ensure your home stands out from the rest and to facilitate a smooth transaction.
Buyers should connect with a mortgage lender to learn about their financing options and get preapproved. Your real estate agent can set you up with listing alerts, notify you of potential off-market opportunities or coming soon properties and help you tour homes. As activity increases this spring, you’ll want to be ready to move quickly when the right home becomes available. It’s never too early to start the conversation with an agent and a lender to learn about your options.
The Agency Boise is made up of a select group of driven agents that have deep roots in the community, local expertise, and are backed with a regional and global reach. Who you work with, matters.
Other notable metrics:
In Ada County,
Buyers had 1,484 available homes to choose from in February — 63 more than in February 2025.
There were 1,245 pending sales, or homes under contract, in February, up 14.4% compared to a year ago.
With 647 sales for the county, there were 41 more closings in February than the same month a year ago.
The median sales price for homes that closed last month was $538,000, $8,000 more than in February 2025.
The average percent of the original list price received for homes that closed in February was 97.4%, meaning that on average, buyers paid 2.6% less than the price for which the home was originally listed.
Months supply of inventory was 2.0 months in February, down 2.0% compared to February 2025. Months supply is calculated by dividing the current inventory by the average sales from the last 12 months and indicates how long current inventory would last if no new listings were added. A balanced market, not favoring buyers or sellers, is typically considered 4-6 months of supply.
The most popular price range for home sales was $450,000-$600,000 with 217 sales — a third of all sales for the county. Of those, the average days on market before going under contract was 68 days and the average percent of original list price received was 97.5%.
As of March 12, 2026, the list price range with the most inventory was $450,000-$600,000 with 359 listed homes. Of those, the average days they’ve spent on the market so far is 63 days. Those listed homes have undergone an average of a 1.0% price drop from the original listing price.
In Canyon County,
With 978 active listings in February, inventory was down 3.7% year-over-year, giving buyers 38 fewer listings to choose from compared to a year ago. New homes made up 60% of all available homes for sale.
There were 684 pending sales in February 2025, down 2.7% when compared to the same month a year ago.
With 362 sales last month, closings were down 2.9% compared to February 2025.
The median sales price for February home sales was $441,990, $25,000 more than in February 2025.
The average percent of the original list price received for homes that closed in February was 97.0%, meaning that on average, buyers paid 3.0% less than the price for which the home was originally listed.
Months supply of inventory was at 2.4 months in February, down 7.4% from the same month last year. Months supply is calculated by dividing the current inventory by the average sales from the last 12 months and indicates how long current inventory would last if no new listings were added. A balanced market, not favoring buyers or sellers, is typically considered 4-6 months of supply.
The most popular price range for home sales was $300,000-$450,000 with 179 sales, about half of all home sales for the county. Of those, the average days on market before going under contract was 68 days and the average percent of original list price received was 97.0%.
As of March 12, 2026, the list price range with the most inventory was $300,000-$450,000 with 346 listed homes. Of those, the average days they’ve spent on the market so far is 67 days. Those listed homes have undergone an average of a 1.0% price drop from the original listing price.
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