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Ada County housing costs hit record highs as inventory drops

BOISE — You can see growth reflected in our tight housing market, with reports showing buyer demand vs. supply impacting prices.

Houses are getting multiple offers within hours of being listed. In Ada County, record-low inventory is leading to record-high home prices. They keep climbing – and although not rapidly – it’s concerning for many.

Last month, the median sales price of a home in Ada County was nearly $300,000. Compare that to last year, when it was almost $260,000. That counts the sale of newly built houses too, which skews the median higher. Numbers tend to be higher this time of year though, because it’s spring and a lot of people are buying houses right now.

For anyone looking to buy a house – first-time homebuyers and beyond – Neighborworks Boise says it’s tough to find an affordable house to purchase.

“For first-time homebuyers looking for an affordable option it’s a tough market right now,” Anna Gamboa, with NeighborWorks Boise, said.