July 27, 2021
Real Estate

Treasure Valley housing market sees rise in inventory, possible leveling off

A key factor in the soaring prices has been a lack of homes coming on the market.

BOISE, Idaho — The Treasure Valley’s housing market could be approaching a tipping point.

In the past year, the median price of a single-family Ada County home decreased only twice, according to the Intermountain Multiple Listing Service’s monthly reports. From May until June of this year, it increased slightly, from $523,250 to $525,000.

The small bump comes as inventory has ticked up recently. It’s a smaller increase than most months the past year. A key factor in the soaring prices has been a lack of homes coming on the market.

The inventory in Ada…

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