The median rate of a single-loved ones house marketed in metro Denver in June arrived at a record $600,000, but a surge in new listings contributed to a report regular monthly leap in the variety of homes offered for sale, in accordance to a month to month update from the Denver Metro Affiliation of Realtors.

The median value of a solitary-relatives house bought touched $600,000 for the very first time ever in June, indicating 50 percent of the homes sold above that value and half beneath. That was up 1.3% from May and 25% about the earlier year. The typical value strike $728,385, also a file.

For condos and townhomes, the median revenue cost was unchanged from May at $380,000, and it is up 16.9% over the past 12 months.

The 2,137 one-relatives properties out there for sale at the end of June is virtually 60% greater than May’s frustrated count, and the energetic stock of condos and townhomes rose 33.3% month-over-month to 985. Combined, the Denver area professional a 50.5% achieve in its active inventory, a new history for a month to month increase and six-fold higher than the 5.9% acquire averaged among Might and June.

“Big percentage changes can occur when you start out with the lower inventory we have been looking at. The effects of the maximize will be felt by equally purchasers and sellers alike,” Andrew Abrams, chairman of DMAR’s Industry Traits Committee, reported in comments accompanying the month to month report.