Median home price hits record

 Median home price hits record

The median price of a single-family home sold in metro Denver in June reached a record $600,000, but a surge in new listings contributed to a record monthly jump in the number of homes available for sale, according to a monthly update from the Denver Metro Association of Realtors.

The median price of a single-family home sold touched $600,000 for the first time ever in June, meaning half of the homes sold above that price and half below. That was up 1.3% from May and 25% over the past year. The average price hit $728,385, also a record.

For condos and townhomes, the median sales price was unchanged from May at $380,000, and it is up 16.9% over the past year.

The 2,137 single-family homes available for sale at the end of June is nearly 60% higher than May’s depressed count, and the active inventory of condos and townhomes rose 33.3% month-over-month to 985. Combined, the Denver area experienced a 50.5% gain in its active…

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