Mike Price - Freedom Realty

Median Sales Price for Homes in Ada County Soared to $523,250 in May! That's an increase of 45% year over year. Boise metro's price growth was the highest in the country over the past 4 years. The main causes for the growth include insufficient supply, low mortgage rates, ability to work from home (people migrating in from higher priced areas), longer homeownership by baby boomers aging in place, and hesitancy from potential sellers worried about finding another home in this competitive market.