Ada County’s housing market hit two records in January: a record high median home price, and a record low inventory of resale homes.
Boise Regional Realtors says, the median single-family home price in January was $363,000 — a $45,000 jump from a year ago.
The rising prices stem from the share of new construction on the market — 40% of Ada County houses sold in January were new — and the lack of existing homes for sale.
The Idaho Press reports, the median sales price for new construction in January was $419,000, up 12% year over year. That compares to a median sales price of $340,000 for an existing home.