The median home price hits a record

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The median price of a single-family home sold on the Denver subway in June reached a record $ 600,000, but the surge in new listings contributed to a record monthly increase in the number of homes available for sale, according to the agency. monthly update from the Denver Subway Realtors Association.

The median price of a single-family home sold for the first time in June reached $ 600,000, meaning half of the homes were sold at a price higher than that and half at a lower price. This is 1.3% more than in May and 25% more than last year. The average price was $ 728,385, which is also a record.

For condominiums and townhouses, the average selling price was unchanged from May at $ 380,000, up 16.9% year-on-year.

The 2,137 single-family homes available for sale at the end of June were almost 60% higher than in May, and the active inventory of condominiums and townhouses rose 33.3% from the prior month to 985. Collectively, the Denver area saw a decline prices. A 50.5% increase in active stocks, a new record monthly gain and six times the average 5.9% gain from May to June.

“Big percentage changes can happen when you start from the low inventory levels we are seeing. The impact of the increase will be felt by both buyers and sellers, ”said Andrew Abrams, chairman of the DMAR Market Trends Committee, in a commentary to the monthly report.



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