JULY 2021 Market Report
- The median sales price for both existing/resale and new construction homes in Ada County reached $540,000 in July, up 2.9% from June.
- While our region has faced insufficient supply compared to demand for years — the main driver of home prices — July marked five consecutive months of inventory growth. While still low compared to previous years, there were 1,055 homes available for sale at the end of the month, up 44.7% from June.
- Despite more inventory, the speed of the market continues to be fast. The number of days between when a home was listed for sale and an offer was accepted (also referred to as Days on Market) was at 13 days, on average, in July — 22 days faster than the same month last year.
Data from Boise Regional REALTORS® (BRR) and the Intermountain MLS (IMLS) as of 8/09/2021. These statistics are based upon information secured by the agent from the owner or their representative. The accuracy of this information, while deemed reliable, has not been verified and is not guaranteed. The IMLS and BRR provide these statistics for purposes of general market analysis but make no representations as to past or future performance.
Have questions? Contact ESCO Real Estate at 208.724.4649 or email.