Traffic was brisk at a recent open house in Northwest Boise. All told, 32 groups of potential home buyers made their way through the new listing in less than three hours.
Despite an ever-increasing supply of homes for sale, prices remain stubbornly high.
For the first time in more than four years, total inventory has increased for the fourth month in a row.
Helped by lower mortgage rates, the slight increase in available homes for sale has been met by strong demand from buyers.
The newest homes sales data shows the median single-family home price in Boise jumped to $314,500, setting a new record high.
This is an increase of nearly $20,000 from last month and 14.36 percent jump from 12 months ago. The previous Boise home price record of…