A look into October’s market stats.
General
A Look at the Fall Housing Market
The median sales price for homes in Ada County was $565,000 in August, down 4.2% from July but 6.6% higher than August 2021. Higher mortgage interest rates and higher home prices have impacted monthly mortgage payments, causing some potential buyers to make budget adjustments, and others to press pause on their home search for the time being.
‘Signs of Normalizing’: Data shows lower home prices in Boise in June
Home prices in Ada County dropped in the month of June, according to data from the Boise Regional REALTORS.
And this trend looks like it may continue for the near future, said Boise Realtor Sheila Smith who says she expects home prices to continue dropping for the next couple months.
“I always say I can’t predict the future. But you can generally see what’s going to happen in the next month,” Smith said.
10 Places Where the Housing Market’s Tide Has Turned
The red-hot fevers in Boise, Idaho, and Austin, Texas, Nos. 2 and 3 on our list, broke too, the data show. Median listing prices in both of these metros posted the slowest year-over-year growth since 2020 in June.
How to Appeal Home Tax Assessment
It’s that time again! The county has mailed out the 2021 assessments of home values upon which your taxes are based. Most counties have a deadline of June 27th to contest value, so remember to look before then. Values have been rising for many years, but 2021 saw values increase by never before seen percentages.
