Source: The Lewiston Tribune —
In August, Boise home prices dropped for the first time in 14 months. New numbers reveal prices of existing homes went back up slightly in September while new homes continued to fall, according to Intermountain Multiple Listing Service.
Ada County median home prices went from $540,000 in July to $530,500 in August, a 1.8 percent decrease. In September, they went back up to $534,950 for a slight 0.9 percent increase.
Canyon County saw a larger 2.8 percent increase. Home prices in Canyon went from $410,500 in August to $422,000 in September.
The market seems to have cooled since Ada’s biggest median home price jump of 2021 in May when homes went up 8.7 percent.