The National Association of Realtors just released their quarterly metro medians report. Eighty percent of large metros posted price increases for the 3rd quarter despite spiking interest rates. Low inventory continues to support rising home prices in many areas. Eleven percent of metros even posted double-digit gains.
In the Boise Metro, Ada County posted only a tenth of a percent increase for the quarter while Canyon County jumped 2.4%. Both are almost flat compared to the same quarter a year ago.
I made this abbreviated table to help you compare our local home prices with other large metros on this side of the country. If there were a bubble in local home prices, you could see it here.
Copyright NAR 2023. Boise Metro home prices remain above the national median, but well below the west and our nearest neighbors; Salt Lake City, Provo & Reno.