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Pagosa Springs
Wednesday, September 27, 2023

Colorado home sales improve statewide in December, down for southwest region

By Saul Rosenthal
Special to The SUN

Home sales improved statewide in December, reversing a downward trend that began in July of this year. Sales of single-family homes increased 21 percent compared to November and were up 11 percent compared to December 2014. Similarly, condominium/townhouse sales were 14 percent higher in December than the previous month and 7 percent higher than a year ago.

The median price of the 6,617 single-family homes sold in December was $305,000, an increase of 9 percent compared to December 2014 and up $4,000 from November of this year. The median price for the 2,092 condominiums and townhouses sold last month was $226,000, an increase of 14 percent compared to a year ago. Over the last six months of 2015, housing prices started to level out with smaller increases month-to-month. The number of new listings dropped significantly from November to December — down 25 percent for single-family homes and down 28 percent for condominiums/townhouses. Despite these historically low figures, new listings in 2015 were an improvement over 2014.

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