October Stats Show Worse Inventory, Increased Median Price
CAR’s October 2021 Market Trends reports that the sales price of homes has increased 15% across Colorado since Oct. 2020. Mountain town inventory is down by as much as 41% compared to last year. “It seems the definition can sometimes change from month to month as a relative response to what a ‘normal’ house sells for,” said Durango REALTOR® Jarrod Nixon. He says that La Plata County has 41% fewer single-unit homes for sale compared to last year. “This leaves the market with just over a month-and-a-half of supply,” Nixon said.
Channel 7: State housing sales show supply down & demand up