Median Sales Price for Homes Drops in July

Median Sales Price for Homes Drops in July

The median sales price of a single-family home in Colorado dropped 3 percent to $336,000 from June to July of this year, the first reversal in what had been steadily rising prices since November 2015. Condominium/townhouse prices also dropped 3 percent to $240,000, the first decline since January. Compared to July 2015, however, single-family median prices were up 8 percent and condominiums/townhouses up 12 percent.