By Mark Hachler and James DuthiePosted November 09, 2018 05:10:31The Real Estate Board of Greater Denver (REBGL) reported Wednesday that the average sale price for a single-family home in Denver fell by about $200,000 in the first quarter of 2018, but it wasn’t enough to lift the median price.
The median price of a two-bedroom home was down more than $2,000 from the same period a year ago, according to REBGL.
The average sale prices of single- and two-family homes in Denver were also down slightly.
The REB GL also reported that median sales prices in Denver jumped from $2.7 million in the fourth quarter of 2017 to $2 million in 2018, which was the largest jump of any city in the country.
It was the fourth consecutive quarter that Denver saw a large price increase, and the first time since 2009 that Denver experienced a five-year gain in median home sales prices.
The REB Gl said that median prices in the Denver metro area have increased by more than 50 percent over the last five years.
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