COEUR D'ALENE, Idaho — Kootenai County’s home prices are holding steady.
The Coeur d’Alene Regional Realtors reported that the median price of a single-family home was $525,000 in October, the same as September, but down 4.5% from a year ago.
That makes it tough for locals to enter the market. To buy a $525,000 home, based on a 7% interest rate, a family would have to earn about $130,000 a year, but Kootenai County’s median household income is $93,900.
The number of single-family homes sold through October in Kootenai County totaled 1,856, a decline of 18% from the same month last year.
Active residential listings as of Nov. 3 totaled 949, down 11.5% from last month, but up slightly from 930 one year ago.
To read the full story, please visit our news partner, the Coeur d'Alene Press.
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