The Treasure Valley fulfilled national expectations of being the hottest real estate market in the country – in March, at least.
Both Ada and Canyon counties boasted record-high sales prices last month, just as coronavirus concerns began to impact local housing markets.
In Ada County, the median single-family home sold for a record-setting of $365,645 in March. Compare it to a median price of $336,110 during the same period in 2019 and you’ll see an 8% growth in prices. Not surprising given the healthy market forecasts for the Treasure Valley.
New record-setting prices were helped by a few factors: mortgage interest rates fell to all-time lows in February, which helped buyers funds go further. Yet there were fewer homes than ever on the…