The number of homes sold in La Plata County and Durango continues a multi-year decline in most categories, while median and average prices appear to be plateauing.
The number of sales of in-town Durango homes declined from 78 to 62 from April through June in 2019 – a 20.5% decline – compared with the same three months in 2018. The median price for in-town Durango homes dropped to $499,250 for the quarter from $520,000 for the same quarter in 2018, a 4% decline.
La Plata County homes, saw a drop in the number of sales for the quarter covered from April to June to 489 sales in 2019, down from 513 in the same period in 2018. The median price for La Plata County homes declined to $378,500 in the second quarter of 2019, down from $385,000, a 1.7% decline, from the same quarter in 2018.
Time to List
Late Summer and Fall are the second-best time of the year to sell a home. Families have returned from summer vacations. Kids have gone back to school, and the holidays haven’t arrived yet. We are set to enjoy a few more months of normalcy, and a great time to sell a home. Moving into Fall, Southwest Colorado Autumn leaves explode in vibrant colors bringing potential buyers to our beautiful town. If you’re thinking about listing your home contact me today!