Despite new homes coming on the market last month, demand is still outpacing supply in much of the Treasure Valley.
The latest median home price for Ada County is just shy of $350,000, according to Boise Regional Realtors, which tracks real estate data.
While that didn’t set a new record, it’s still up nearly 10% from last September.
The group says for the past two years, the highest number of available homes has been in September. It had historically been July or August.
The average 30-year interest rate last week stood at about 3.6%, which Boise Regional Realtors says is helping to temper those higher sticker prices.
So, what’s the report’s big takeaway? Pretty much what the organization has been saying for a while: more housing across all price points is needed to help tamp down or reverse rising prices.
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