The median sales price for homes in Ada County reached $525,000 in June, nearly even with May 2021.
While our region has faced insufficient supply for years — the main driver of home prices — June marked three consecutive months of inventory growth. While still low compared to previous years, there were 729 homes available for sale at the end of the month, up 27.9% from May.
Despite more inventory, the speed of the market reached a new low, as the average number of days between when a home was listed for sale and an offer was accepted dropped to 10 — two days faster than in May 2021 and 22 days faster than June 2020.
To read more about the trends in the market please see the Boise Regional Realtors June 2021 Market Report