Denver Real Estate Market Update - December 2019 The big news in this month's market update is inventory. November finished with just 6,988 properties on the Denver market. This was down 18.34 percent from October and down 7.2 percent from November of 2018. Why is this news? November is the first month in 2019 with less inventory year over year. In fact, in the spring we were seeing inventory as high as 45 percent over the prior year. But we are once again in a spot where buyers are not seeing … [Read more...]
Denver Real Estate Market Update – July 2019
Denver Real Estate Market Update - July 2019 Average home sales price in June came in at $499,807. That was down .54 percent from May. It is normal for home prices to start dropping in June. May typically sees the highest home prices of the year and prices start to decline in June. For the last two years we've seen a 3 percent drop in June and July combined. We will likely see this again in 2019. Since we saw a small .54 percent drop from May to June, I would suspect we see a larger drop from … [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...]
