We Know Boise Real Estate
April, 2023
Found 1 entry for April, 2023.

2023 Treasure Valley Real Estate Report: Stabilized Housing Market with Low Inventory and Reduced Rates

The combination of reduced mortgage rates, limited inventory, and robust demand for low-cost homes has helped stabilize Treasure Valley home prices.

Ada County's median home price in March reached a two-year low, dropping to $481,900, representing a 16.2% decline from the previous year. In neighboring Canyon County, home prices fell to $395,000, marking a yearly drop of 12.8%.

Despite these declines, however, prices in both counties have remained relatively steady since the beginning of the year, signaling a potential end to the downward trend.

Between late January and early February, there was a significant decrease in mortgage rates, bringing them to their lowest point since September. This scenario, along with the drop in home prices,

1506 Views, 0 Comments
Read Full Post