Home prices in Ada County didn’t break another record in October, but they remain sky high.
The median sales price for homes sold last month was $406,684, which is a slight drop from September 2020’s record-breaking $409,945, according to data from advocacy organization Boise Regional Realtors. Even though this is a slight reprieve in skyrocketing costs, it’s up 14.7% over the same time last year.
[Local home prices are rising fast. Median income is not]
Prices first topped $400,000 in September and high demand for homes in the Treasure Valley shows no signs of slowing down. This average comes from the sale of 1,112 homes, which is 11.9% higher than in October 2019. At the same time, significantly fewer homes were left on the market at the end of October than the same month last year. Only 443 single-family homes were available for purchase at the end of last month,…
