The July data on the local housing market is in, and it shows signs of a continued cooldown in housing sales.
While housing includes many components – apartments for rent, homeless people, and more- homes for sale are a highly visible piece of the market.
The latest data, from the Intermountain Multiple Listing Service, shows a slight decline in the median price in both Ada and Canyon counties. The median in Ada stood at $589,990 in July, down less than 1% from $592,090 in June. In Canyon, the median is $441,995, also off less than a percent from $444,990 in June.
The median price is the “halfway point” of all homes sold in the month – meaning half the homes sold for more and half sold for less.