Homebuyers still scrambling as demand outpaces supply

Residential real estate sales in Larimer and Weld counties remain at record-setting levels with 1,072 closed sales in October, representing a 1.2 percent decrease from last year but the median selling price is up 8 percent to $270,000.

For the year to date, sales are up 9.1 percent to 10,820 homes and the median price is up 13.8 percent to $276,000. A breakdown by areas is in the accompanying chart.

Last year was a new record for sales, totaling 11,554 homes at a median price of $244,950 for a total volume of $3.172 billion. We…