Ada County’s housing market was a wild one for prospective homebuyers in July, as inventory levels and sales prices continued to break records.
Ada County’s median sales price for new and existing single-family homes reached $390,000 in July.
Boise Regional Realtors says housing inventory bottomed out at 743 available units. Closed sales hit a 16-year high of 1,402 homes, and pending sales broke the 2,000 mark.
The Idaho Press reports, these are all records since the realty group began tracking the metrics in 2004.
Only 337 resale homes were on the market in the county at the end of July. The rest of the homes on the market were new construction, whose median retail price is $425,000, or $45,000 more than resale homes.