In April, the median sales price for home sales was down year-over-year and month-over-month in both Ada and Canyon counties, and we explored the idea of a decline in prices possibly becoming a trend. The recent statistics from May’s housing market disproved that possibility, at least for the time being. 

The median sales price for home sales in April was down year-over-year and month-over-month in both Ada and Canyon counties. 

Could this shift in prices be the beginning of a trend of declining home prices for the Treasure Valley? While one month showing a drop isn’t considered a trend, there are a few factors that are worth exploring.