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New Listings were down 26.3 percent for single family homes and 17.8 percent
for townhouse-condo properties.
Under Contracts decreased 7.2 percent for
single family homes and 5.6 percent for townhouse-condo properties.
The Median Sales Price was up 2.2 percent to $690,000 for single family homes
and 2.9 percent to $422,000 for townhouse-condo properties.
Days on Market increased 57.1 percent for single family homes and 78.6 percent for townhouse-condo properties.
Despite a drop in existing-home sales, home prices have remained near record
highs, with a national median sales price of $410,200 as of last measure, 0.9%
below the all-time high of $413,800 recorded in June 2022, according to NAR.
With only 3.1 months’ supply heading into July, the lack of inventory has
boosted competition among buyers and put upward pressure on sales prices,
especially in more affordable markets, where competition for homes remains
particularly strong.
CLICK ON THE THUMBNAIL GRAPHIC ABOVE LEFT FOR THE FULL JULY REPORT
Current as of August 3, 2023. All data from REcolorado® and IRES®.
Report © 2023 ShowingTime.
Copyright © 2023 Colorado Relocation Professionals - All Rights Reserved.
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