The median single-family home price finished the year at $324,000 in Ada County, up 17 percent from last December.
Missing the all-time high we saw in August, but still the second highest on record.
Thanks to new construction, the total number of homes for sale rose by 6.8 percent to 1,493. While notable for being only the second increase in inventory in more than four years, it will do little to put downward pressure on prices in the next few months.
Over the last 12 months, Boise house prices rose 11.79 percent to $292,400. In Canyon County, the median cost of a home increased by 18.09 percent to $225,495.
Total sales in Ada County declined to 709 from 829 twelve months prior, mainly due to the fact there is so little on the market.…