Ada County Median Home Price Up 12.5% in the Last Year

Boise (670 KBOI News) – 12.5%…that’s how much Ada County home prices are up over this time last year.

That’s according to Boise Regional Realtors…president Phil Mount says prices of new construction and existing homes rose considerably between May of 2018 and last month.

“With a shortage of homes, a restricted inventory, prices go up,” said Mount.  “We’re now reaching a new record,  $342,990 is our median sale price in May of this year, and that was up 12.5% over the same time last year.”

Mount says even with all the construction going on right now, it’s not nearly enough to keep pace with demand.

He says the building industry is still dealing with the after effects of the recession, when many skilled tradesmen left the industry.

There is no custom code to display.

Blogs

Can Money Be Used as a Weapon?

Can Money Be Used as a Weapon?

On Monday, August 5th, we learned about China’s retaliation to tweets and threats made the prior August 1st by President Trump.  Trump tweeted: “…on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country. This does not include the 250…

BLOG: Boise State Football is still the favorite

BLOG: Boise State Football is still the favorite

By Rick Worthington 7/23/19   Once again, Boise State has been picked to finish first in the Mountain Division in the conference preseason media poll. This is a story we have told you before. The Broncos have been the preseason pick to win its conference or division for 12 straight years. This is as good…

A Day in the Life of Mike’s Newest Family Member

A Day in the Life of Mike’s Newest Family Member

My wife and I have a house with a huge back yard that has a koi pond and swimming pool. We’ve lived here and raised our 7 kids over the past 17 years. The kids have pretty much all moved out on their own and now it’s just us and our dog Bailey. That is…

Mom’s deviled eggs, and other Independence Day memories

Mom’s deviled eggs, and other Independence Day memories

My parents did a wonderful job of exposing me to as much art and culture as possible growing up. We didn’t picnic often, but when we did, we did it in style. Just a simple family of 3, Mom Dad and me, would go to Blossom Music Center every July 4th to see the Cleveland…