The number of home sales in the Treasure Valley year over year in February were up 50 percent from 308 to 462, according to the latest data posted on the Intermountain Multiple Listing Service Web site.
Over all median sale prices in Ada County were down $4,400, or 2.6 percent, from $167,900 to $163,500, the MLS reported. Canyon County experienced a slight increase of 1 percent from $99,000 to $100,000.
In Ada County, existing home sale prices in February were close to the five-year low of 160,000 hit in October 2009. The median was down $3,000, or 2 percent, from $165,000 in January to $162,000 in February.
Median sales prices in new Ada County construction also went down $9,000 or 4.6 percent from $194,000 in January to $185,000 in February.
In Canyon County, existing home sales hit a new five-year low of $94,900, dropping $1,100 or 1.1 percent below $96,000 in January. However, new home median prices rose 8.4 percent from $125,000 in January to $135,500 in February.
Be careful when you interpret the median home prices though. It is not the same as average home prices in our area.
Treasure Valley home sales rise 50 percent; median prices mixed | Idaho Economy | Idaho Statesman