Recession? What recession? Home values high

May was another record month for local residential home sales. In Boulder, Broomfield, Larimer and Weld counties, there were 1,958 closed sales valued at almost $650 million, with a median price of $269,000 – the highest ever – and a 7.6 percent increase over last year.

For the year to date (January to May), sales are slightly behind the record-setting pace of last year but the median price is up 5.1 percent to $256,500 and the total volume is 3.1 percent ahead of last year. The market bottomed out in 2009 and, for comparison, sales are up 47 percent since then…