Durango Area Association of Realtors released 2nd quarter numbers outlining the market activity through June 2021, as well as 2020 vs. 2021 comparisons.
New listings in-town Durango saw a dip in June with just 19 new single-family listings compared to 39 listings in June 2020. Despite less inventory, sales are still 18.3% higher that last year (year-to-date) with June adding 28 sold listings totaling at 97 for 2021. The median and average sales prices are still elevated for the month and year. This month the median is $688,000 and $812,393 for the average, which increased about 27% from last year. Sellers have received 100.7% of asking price both for the month and year, and less cumulative days on the market. Townhouses and condos follow similar trends with fewer new listings, more sold, higher sold prices, and less days on the market.
Rural Durango had 65 new listings and 52 listings sold, both numbers increasing from last year. The median and average sales prices grew over $200,000 from 2020, and sellers received 100.2% of their list price. Single family homes took an average of 75 days to sell versus 2020’s 122.
Bayfield had less market activity both in June and year-to-date than 2020 for rural and in-town combined. The average sales price is $423,071 for in town which is 38.6% higher than last year and $511,840 for rural properties being 43.2% higher than 2020. There were three new listings added to the market in Ignacio area in June which is great to see activity!
La Plata County as a whole sold 118 listings in June at a median price of $610,000, totaling 473 properties sold for 2021 so far. An additional 56 townhomes/condos sold with a yearly total of 174. As the market continues to move, we would love to answer any questions you may have and help you with your buying and/or selling needs!