Home prices remain stable despite rate, inventory increases

DENVER — Despite rising interest rates and seasonally increasing inventories, home prices remained mostly flat — and still elevated well above past years — in May across the seven-county Denver metropolitan area, which includes Broomfield and Boulder counties.

“Median pricing for all property types in the Denver-metro area dipped slightly (-1.5%) in May but maintain double digit percentage increases over the same time last year — up 13.5% for single family and 12.6% for townhome/condos,” according to a May trends report from the Colorado Association of Realtors. 

In Boulder County, the median sales price in May was $920,000, up nearly 10% year…