We’ve seen many new records set – and subsequently broken – in the Treasure Valley real estate market in 2020, and the last month is no exception
In October, we saw housing prices surge to new records once again as feverish buyers competed for a dwindling supply of homes. This caused the length of time houses spent on the market to drop to a median of 5 days, a new record in both Ada and Canyon counties.
Even in the hottest spring markets the Treasure Valley has experienced, homes have not sold this fast.
Let’s look at October’s numbers before taking a step back to reflect on how the month caps off what has been an extraordinary year in Treasure Valley real estate:
- In the past year, the number of homes for sale in Ada County dropped