With only weeks of available inventory and homes selling in a median of 6 days, it’s no surprise home prices are continuing to skyrocket across the Treasure Valley.
We said goodbye to 2020 and rang in the new year with another round of record-high prices across the valley. In December, Ada and Canyon county and the cities of Boise, Meridian and Nampa all broke previous price records.
Over the past year, the median home price in Ada County rose by more than $82,000, a 23.6% increase to $432,462. Canyon County home prices increased by a whopping $85,000 since last December, a 33.3% jump to $339,900. Not to be outdone, the cost of the typical home in Boise increased by $86,000, or 25.6% to $420,750.
Fortunately for home sellers (and less so for…