A month after home prices fell slightly in Ada and Canyon counties, they pushed up again in May to near-record levels.
The median home sales price in Ada County was $305,000, just below the record $308,950 set in March, the first time it had risen above $300,000, according to the Intermountain Multiple Listing Service. The median price fell to $295,000 in April before rebounding.
In Canyon County, May’s median price rose to $211,000, $945 short of March’s record.
The Idaho Statesman reports, while homes remain scarce, the number of all homes being sold is approaching the peak of the pre-recession boom.
The biggest challenge is still for first-time buyers. They have been losing bidding wars with other buyers able to offer cash.
