Denver Real Estate Market Update - April 2020 If I handed you the Denver Real Estate Market Update report for April you would never guess that we are in the middle of the coronavirus pandemic. Buyers are still buying. Sellers are still selling. A deeper look and you will see a bit of a slowdown. But like I said, just looking at the numbers, you would have never guessed. We will see if there is a big difference when I have the May report sitting in my hands. https://youtu.be/xRl1lQEveTU In … [Read more...]
Denver Real Estate Market Update – February 2020
Denver Real Estate Market Update - February 2020 Housing inventory is low in Denver going into 2020. Although we saw 4,853 new listings come on the market in January, those homes were quickly scooped up by homebuyers. New listings were up a whopping 89.27% from December and up 0.54% from January of 2019. But 4,923 homes went under contract in January. This was up 43.03% from December and up 24.91% from January of 2019. So even with the flood of new listings, they are selling fast. At the end of … [Read more...]
Denver Real Estate Market Update – October 2019
Denver Real Estate Market Update - October 2019 Average home sales price in the Denver metro area came in at $483,734 for the month of September. That was down just 0.56 percent from August and up 6.06 percent year over year. Over the last few years Denver homeowners have been enjoying double digit gains in home value. Since mid 2018 Denver has seen it's year over year gains decreasing. Earlier in the summer we saw a year over year gain as low as 1.5 percent. But those gains have slowly been … [Read more...]
Denver Real Estate Market Update – May 2019
Denver Real Estate Market Update - May 2019 Lots of chatter going on about the Denver real estate market. Are things slowing down? Are we in a buyer's market? Are prices dropping? Let's take a look at the numbers. https://youtu.be/RiYUP4naxQ0 In April the average sales price of a home in the Denver area came in at $497,119. This was up 3.87 percent over March and up 1.5 percent over April of 2018. So, no home prices have not dropped in the Denver area. But the rate of increase has slowed. … [Read more...]
Denver Real Estate Market Update – April 2019
Denver Real Estate Market Update - April 2019 The average sales price in Denver for March came in at $480,486. This was up 3.57 percent over February and up 1.79 percent over March 2018. The number that really sticks out if the 1.79 percent increase over last March. For years Denver has been seeing double digit growth up until the middle of 2018. Those percentages started to drop. Now we are looking at an increase of less than 2 percent. In my opinion, Denver has reached it's temporary top. But I … [Read more...]
Denver Real Estate Market Update – October 2018
Denver Real Estate Market Update - October 2018 The Denver metro area has been seeing inventory increases over the last few months and September was no exception. The month ended with 8,807 properties on the market. Inventory was up 7.04 percent over August and 16.10 percent over September of 2017. Homebuyers should be feeling a bit of relief. Although, make no mistake, Denver is still a seller's market. https://youtu.be/jl3ok5xQw4c While inventory was up, the number of sales was down … [Read more...]
Denver Real Estate Market Update – June 2018
Denver Real Estate Market Update - June 2018 In May Denver saw it's first dip in average sales price of a single family detached home. The average sales price came in at $540,624, just slightly lower than the $543,058 we saw in April. I did not expect to see any decrease in average sales price until July but I don't think this is any reason for concern. And I will be interested to see where this number lands for June. (Average sales price for a single family detached home is up 10.67% over May of … [Read more...]
Denver Real Estate Market Update – May 2018
Denver Real Estate Market Update - May 2018 It's May in Denver and the big news in the Denver real estate market this month is average home price! In February of this year the average sales price of a single family home in Denver hit over a half million dollars for the first time ever. In April that average sales price was up to $543,058. That is up 8.17 percent in just two months. Now with this sort of growth, you may be thinking that you need to go out and buy ten homes in Denver. And yes, we … [Read more...]
Denver Real Estate Market Update – November 2017
What's the news in Denver Real Estate this November? I have October numbers in hand and the big news this month relates to inventory. Housing inventory has been an issue in Denver for the last few years. And October showed no relief. In fact, October showed record lows in inventory. https://youtu.be/8L8RGNU7Uw8 Inventory in October was down 16.79 percent from September and down 6.22 percent from October 2016. So why is inventory down so much in October? Sold homes in October was actually … [Read more...]
