Higher interest rates harmed homebuyers’ spending abilities in 2022 leading to fewer homes sold in Durango and La Plata County. At the same time, high appreciation values elevated median home prices.
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Durango real estate prices increased during the third quarter of 2022 compared to 2021.
But with an increase in sale prices, there was a decrease in the number of units sold in most areas in and arou.
Low inventory and high demand drove up the median sale prices for La Plata County homes during the second quarter of the year.
Surmi said the value is often determined by comparative properties sold..
Total real estate sales in 2021 reached over $1.6 billion in La Plata County, setting a record for the area and sending another warning flare into the air for the working class as local leaders apply .
When homes sell in matter of days, how do Durango real estate agents keep up? durangoherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from durangoherald.com Daily Mail and Mail on Sunday newspapers.