Home Sales and Market Heat up in the Treasure Valley
Home sales continued on an upward trajectory in Ada and Canyon County with double-digit gains compared to the same time last year. There were 1,001 sales in Ada County in May, 166 more closings or an increase of 19.9% compared to the same month a year ago. In Canyon County, there were 521 homes sold last month, 12.3% more than in May 2025.
The pace of the market and competition are also picking up, particularly in Ada County. Days on market, or the time between when a property is listed and when it has an accepted offer, declined significantly last month, with an average 31 days in Ada County, 12 days faster than in April 2026. In Canyon County, homes that sold in May spent an average of 43 days on the market before receiving an accepted offer, eight days faster than the month prior.
The average percent of original list price (%OLP) received has also moved closer to 100%, indicating that buyer and seller expectations around pricing were more aligned in May. This is in contrast to the fall and winter months when the average %OLP hovered around 96.5-97.0% and has steadily increased to 99.4% in Ada County and 98.3% in Canyon County last month.
Overall, the market is heating up, but the change is even more pronounced in the existing/resale segment of Ada County. Existing/resale homes that sold in May spent an average of only 17 days on the market before going under contract, ten days faster than the month prior. The %OLP for this segment was 99.7% in May, the highest it’s been since we began tracking the metric in October 2023.
The average percent of original list price looks at all of the sales within a segment as a whole. Our research also showed that nearly 65% of the Ada County existing/resale homes that sold in May sold at or above the original list price.
Real estate is hyper local, so it’s not unusual to see multiple offers in areas with high demand and low inventory. But now we’re seeing an overall increase in competition throughout the market for homes based on location, condition and strategic pricing.
Despite an uptick in competition and the pace of the market, home prices are remaining relatively flat year-over-year. The median sales price of Ada County homes that sold in May was $575,786, down 0.7% compared to the same month last year. In Canyon County, the median sales price for home sales was $444,900 last month, a year-over-year increase of 2.6%.
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Other notable metrics:
IIn Ada County,
Buyers had 1,937 available homes to choose from in May — 184 fewer than in May 2025.
There were 1,522 pending sales, or homes under contract, in May, up 16.8% compared to a year ago.
With 1,001 sales for the county, there were 166 more closings in May than the same month a year ago.
The median sales price for homes that closed last month was $575,786, approximately $4,000 less than in May 2025.
The average percent of the original list price received for homes that closed in May was 99.4%, meaning that on average, buyers paid 0.6% less than the price for which the home was originally listed.
Months supply of inventory was 2.4 months in May, down 17.4% compared to May 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 347 sales — approximately a third of all sales for the county. Of those, the average days on market before going under contract was 38 days and the average percent of original list price received was 99.5%.
As of June 12, 2026, the list price range with the most inventory was $450,000-$600,000 with 556 listed homes. Of those, the average days they’ve spent on the market so far is 44 days. Those listed homes have undergone an average of a 1.0% price drop from the original listing price.
In Canyon County,
With 1,139 active listings in May, inventory was down 2.9% year-over-year, giving buyers 34 fewer listings to choose from compared to a year ago. New homes made up over half of all available homes for sale.
There were 845 pending sales in May 2025, up 7.5% when compared to the same month a year ago.
With 521 sales last month, closings were up 12.3% compared to May 2025.
The median sales price for May home sales was $444,900, over $11,000 more than in May 2025.
The average percent of the original list price received for homes that closed in May was 98.3%, meaning that on average, buyers paid 1.7% less than the price for which the home was originally listed.
Months supply of inventory was at 2.6 months in May, down 6.4% 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 257 sales, approximately half of all home sales for the county. Of those, the average days on market before going under contract was 59 days and the average percent of original list price received was 98.5%.
As of June 12, 2026, the list price range with the most inventory was $450,000-$600,000 with 387 listed homes. Of those, the average days they’ve spent on the market so far is 54 days. Those listed homes have undergone an average of a 1.0% price drop from the original listing price.
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