Posts from September 14th, 2020

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September
14

 

Valley Home Prices Continue to Rise Amid Low Inventory

By Breanna Vanstrom, Chief Executive Officer, Boise Regional REALTORS®

 

The median sales price for all homes sold in Ada County in August reached $400,000, up 12.7% year-over-year, surpassing the previous high in July 2020 of $390,000.

Our home prices continue to be driven by a shrinking supply of existing homes available for sale compared to demand, more new homes selling at ever-higher prices, increased purchase power due to low mortgage rates,...

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