Record surge in home sales continues | Main Street

Realtors continued to sell homes at a record pace last month as demand for homes in the region remained strong and interest rates stayed near record lows. That’s according to the latest real estate report by the High Country Association of Realtors.

There were 365 residential listings sold by Realtors in August, just three fewer than they sold in July. The combined sales value was $139 million, as recorded by the High Country Multiple Listing Service (MLS).

The median sold price was $319,900, the first time that metric has exceeded $300,000 in a month since at least 2011. Forty-two of the homes sold in August were for more than $700,000. Of those, 14 sold for more than $1 million.

The average sale price for August was $381,299, the fourth…