The Median price for a resale home in Ada County was 7% higher in December than the January 2011 low point. That is a sign that the Valley real estate market may have bottomed out several months ago. Here is a chart that takes a longer term view and plots 6 month blocks of median pricing.
A15 – Ada County EXISTING Last 6 Months MEDIAN Sales Price
The December decrease reflects a seasonal pattern that has repeated itself for the past 6 years. Once the January 2012 numbers are in we will have an excellent reference point to compare with the previous low in 2011.
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