Sure, home sales in Ada County were up 18 percent in September over year-ago levels, and the median price up 7 percent. But the latest figures may indicate a slowdown: The typical autumn decline in home sales began this year in August, a month early, says Jill Giese, owner of Giese & Associates in Boise. Prices dipped slightly.
The strong Canyon County market has finally paused, too. The median price rose from January through July before falling in August and September.
Giese, a Keller Williams agent, doesn’t know if this is the start of a trend. But the company is warning agents that the market is due to level off as part of a seven-year cycle.
“I have Keller Williams friends around the country who are already seeing downturns,” Giese says. “It’s not happening here yet, but it probably will.”
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