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It’s a Seller’s Market in Colorado
The Colorado Association of Realtors® (CAR) has released their monthly, statewide market snapshot report for February, and the news is great. The state as a whole is in a growing seller’s market. Homes are selling quickly, most in line with their list prices, reflecting the demand for properties is continuing. There are many reasons people want to live in Colorado, among them is better affordability alongside a higher quality of life. Seeing how the market is steadily increasing in positive directions reflects what many who live here already know, that Colorado is an excellent place to live, work and play.
 
Taking a closer look at the Colorado Market Snapshot, both median and average sale prices have gone up. Median list prices in February were up 9.9% compared to last year at the same time, while average list prices were up 7.5%. Median sale prices, what buyers are paying sellers, also increased, 8.8% to $315,000. Average sale prices rose by 12.0% up to $394,385.
 
These two figures show different points of view when looking at the market. The median price is the mid-line price of homes sold in a specific time period, in this case, one month. Average price takes the total number ... more

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