|A LOOK AT THE MARKET
In the city of Boulder, single-family home sales were up and the median price actually increased from $1,307,500 in May to $1,335,000 in June. While this is good news for current sellers, buyers are paying 6% less than the prior year.
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Homes still available for sale at the end of the month also ticked down slightly to 3.7 months of inventory. That's still up 76.2% year-over-year and more than halfway to the balanced market mark. Days on market also jumped significantly from 46 in May to 58 in June.
As for Boulder County as a whole, the median price decreased again, coming in at $839,000 for June. One bright spot was Lafayette where prices jumped month-over-month, increasing from $825,000 in May to $890,000 in June. Broomfield County also experienced a price surge.