After a few years of rising median home prices, it appears the La Plata County housing market is returning to a more static state.
Median home prices increased in almost every category tracked by Dura.
About 140 people participated in last week’s quiz.
Participants scored highest on a question about what is behind a slowdown of home sales, according to Deven Meininger, with 93% of respondents correc.
Real estate markets in Durango and La Plata County may be returning to pre-pandemic conditions,
During the first quarter of 2023, the median in-town home price reached $750,000 which was a 12% incre.
Home sales during the first quarter of 2022 resemble trends set in 2021, with rising prices and dwindling inventory in La Plata County. On top of that, interest rates on mortgages are expected to rise.