Median home prices decline during August in Boulder, Fort Collins

LOVELAND — The median sale prices of single-family homes in Boulder and Fort Collins declined in August compared to the previous month, while they increased month to month in the other markets that make up the Boulder Valley and Northern Colorado.

According to a report released Friday by Information and Real Estate Services LLC, a multiple-listing service based in Loveland, the median home price in Boulder during August dropped to $840,250, the lowest since January when it was $825,000, and about $169,000 less than the yearly high of $1,008,970 recorded in May. During August, 58 homes were sold from 208 listings with an average time on the market of 72 days.

In Fort Collins, the median sale price for August was $371,250, down from $379,000 in July. During August, 314 homes were sold from 804 listings with an average time on the market of 68 days.

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Elsewhere in the region, prices increased month to month.

In Longmont, the median sale price in August was $409,500, up from $370,000 in July. There were 127 home sales from 202 listings with an average time on the market of 50 days.

In the Loveland/Berthoud market, the median sale price increased from $362,500 in July to $383,250 in August. There were 238 home sales from 546 listings with an average time on the market of 81 days.

The median price in the Greeley/Evans market increased slightly, from $280,000 in July to $282,000 in August. There were 183 home sales from 304 listings with an average time on the market of 42 days.