Month of May Shows Steady Climb in Pricing & Inventory
Surprising no more, the average sold price keeps rising in Colorado. REcolorado statistics show the month of May with an average single family home sold price at $407,662 about a 4% increase from the month of April. Inventory rose by 5% from April, yet is still down by 3% from this time last year. Every other category has seen a rise from the previous month yet new listings, actives, under contracts and sold properties are all down from this time last May. How will the rest of the summer trend? Will there be more inventory available as the summer progresses to help our Buyer’s or will it stick to trend and slow down as is typical during the summer months?
Until next month Colorado!
ReColorado May Local Market Stats