Treasure Valley Housing Crisis May Be Leveling Off

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Between May and June the median price of housing in the Treasure Valley only slightly increased from $523,500 to $525,000. The biggest reason for the slow incline is an increase in housing. The lack of homes available on the market continued to drive prices up, but as more and more homes are being build, the demand lessens slightly.

According to an article on KTVB homes sold as quickly as 0.2 months in 2020 to 0.7 months in July.

It is not predicted that we will see a market drop, but rather a plateauing as more housing is now available.