Look away

Look away
Any starry-eyed hopeful homebuyers may want to stop reading now and flip the page.

According to a new report from the Durango Area Association of Realtors, La Plata County median home prices jumped from $422,500 in 2020 to $527,100 in the 2021, a nearly 25% increase. The numbers reflect second quarter, year-to-date.

“La Plata County housing sales are still on the rise,” the report said. “This is no surprise. Low supply and huge demand, coupled with low interest rates, have kept the prices high and still climbing.”

Exclusively within city limits, the median home sale price hit (get ready to grab the barf bag) $650,000 in 2021, up more than 15% from last year. In 2021 so far, a total of 95 homes in town were sold.

“No doubt, the current Durango real estate market remains a strong one,” the report said. “Durango and all of La Plata County remain a desirable place to relocate, and this is showing no signs of slowing down.”
In this case, “strong” may be a bit too strong of a word.
 

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