Stats Show the Entire State’s Home Sale Prices Mirror City Prices

CAR’s April Market Trends Report shows that interest rates are curbing the number of offers on homes. However, prices are staying about the same, and now the state and metro area median home prices are almost the same. Statewide, the median price is $600,000, versus $660,000 in the seven-county metro area.

According to CAR Spokesperson Sunny Banka of Aurora, “We are seeing more price reductions on some homes and in some areas. Buyers should note that, while the market is still hot, they have a better opportunity at getting the home they are looking for.” Barb Ecker, a REALTOR ®in Jefferson County/Golden said, “… Buyers may need to lower their price range to stay in the market, as they simply can’t afford the home they were considering just a few weeks ago.”

https://www.westword.com/news/denver-home-sales-sellers-market-may-2022-update-14071323