Jul
23

High Housing

sold homeJune existing home sales hit their highest number since 7/06, and while the median sales price hit a record-high of $236,400, an inflation-adjusted price comparable to 7/06 would be $270,014. Part of the picture is that the number of distressed sales keep falling and the price index doesn’t adjust for the mix of homes sold. Inventories remain profoundly low, decreasing supply. We need more new homes to dampen price pressures!

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  1. What I see happening in Northern Colorado is that more homes are being put on the market, and the number of buyers are staying the same or decreasing. The market moves all year long. Families plan to start thinking of moving in the spring so that their kids can start at their new school.

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