Montezuma County’s housing market continues to strengthen, according to the latest figures from the Colorado Real Estate Network.
Countywide, there were 39 home sales during August, up 69 percent from 2014.
The median sales price was $190,000, up from $155,000 during the same period last year.
The average sales price countywide was $191,186, up from the 2014 price of $162,030.
Inventory of homes for sale in August was 335, a nearly 25 percent decrease from last year.
In Cortez, there were 23 sold listings in August, at a median sales price of $177,250, up from the August 2014 median sales price of $145,000.
The average price of homes sold in August was $176,815, up 32 percent from 2014.
While sold listings in Mancos wasn’t that much higher than last year’s – six compared with four in 2014 – the median sales price was $203,500, and the average sales price was up 21 percent from 2014. The average August sales price in Mancos was $214,667, a 21 percent increase from last year.
Prices in Dolores, however, are on the down trend: The median sales price was $150,000, and the average sales price was $202,643, down 43.4 and 11.5 percent from this time last year.
Much like the rest of the county, inventory in Dolores is slowly shrinking, with 90 homes on the market in Dolores compared with 106 last year.
