Last month we pointed out a market splitting in two: detached homes were moving, attached homes were not. In May, that divide became large enough to push the median price higher. That’s because the median tracks the middle sale, not appreciation. When fewer lower-priced homes sell, the middle shifts upward on its own.

Read the entire Market Update here on MoreServiceLowerFees.com.

Questions about the Metro Denver real estate market? Contact Tom and David at The Principal Team. Reach us at 720-408-7409.