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buyer Tag

Median Sales Price for Homes Drops in July

The median sales price of a single-family home in Colorado dropped 3 percent to $336,000 from June to July of this year, the first reversal in what had been steadily rising prices since November 2015.  Condominium/townhouse prices also dropped 3 percent to $240,000, the first decline since January.  Compared to July 2015, however, single-family median prices were up 8 percent...

Prices for Homes in Colorado Continue to Rise

The median price for a single-family home in Colorado reached a new high of $345,000 in June, a 3 percent increase over May and 9 percent higher than one year ago according to market statistical reports released today by the Colorado Association of REALTORS®.  For condominiums and townhouses, the June median of $246,000 was just slightly higher ($1,000) than in...

Low Inventory /Prices Challenges Buyers and REALTORS®

The supply of homes for sale in Colorado in May reached historic lows throughout much of the state according to statistics released today by the Colorado Association of REALTORS®.  There were 17,724 single-family homes available statewide for purchase, down 24 percent from a year ago and representing just a 2.5-month supply.  Similarly, the 4,237 condominiums and townhouses for sale in...

Legalize It – Real Estate and Pot in Colorado

(This is the second part of a two-part series on Colorado’s unique marijuana laws and their impact on real estate, property rights and the business of REALTORS®. In the November issue, I covered the uncertain status of Colorado’s state marijuana laws in relation to federal drug law and the implications on property ownership. In Part Two below, I will address...