The average list price of single family homes sold in Colorado was $259,900, higher than the U.S. average resale price of $214,990. Colorado came in 11^th place on Realtor.com's Median List Price of For-Sale Homes in the U.S. viewed on their site in August 2011.   Washington DC came in at the highest average resale price of $459,000 and Michigan ranked last, with a median price of $134,900.

The Colorado Division of Housing reports that, according to Case-Schiller, the Denver home price index fell 2.1 percent, year over year in July 2011.  Ryan McMaken of CDOH noted that for July 2010 through July 2010, the change reflects the end of the homebuyer tax credit's end which led to a fall in demand and a decline in the home price index.

Inman News reported that Realtor.com also released data detailing the average list price of homes viewed in August.  A home's list price varies from its selling price based on multiple factors, including local market conditions.

"The average list price of all U.S. homes viewed at Realtor.com was $518,180, or about 139 percent above the average price of U.S. single-family resale homes sold in August." reports Inman News.

Colorado ranked 13^th with an average list price of $526,516 , above the U.S. average of $518,180. Hawaii ranked highest with an average list price of $1,803,968 and Nebraska ranked last with an average list price of $195,482.

"The average listing price tends to be much higher than the sale price, as it can be subject to a larger skew by visitors who view ultra-luxury properties, for example." writes Inman News.

Read more at Inman News.

photo credit: ztephen

Posted in Real Estate Market Conditions, Headlines

Comment on this article

Name

Email
Your email address will not be displayed.

Site/Url
Your URL will be displayed.

Your vote

Poor Excellent

Comment text

Options

  Line breaks become <br />

  Remember me

  Allow users to contact you through a message form.

Captcha

Please enter the characters from the image above. (case insensitive)

Captcha code