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 – August 2017
What's new in the Denver real estate market this August? It's normal to have a drop in home sales from June to July each year. And yes, Denver had a drop in sales, a drop of 19.66 percent. https://youtu.be/h2epp7KrK30 That is quite a drop from June to July when the average drop in these months is 6.2 percent. So is there reason for concern? This Realtor says no. Although sales dropped by 19.66 percent, the average sales price of a home only dropped by .82 percent. Compare that to last year when … [Read more...]
Denver Real Estate Update – June 2017
May was another record breaking month in the Denver real estate market. Once again we saw an all time high in the average home price at $449,736, this is up 9.83 percent over last year and up 2.84 percent from April. The average price for a single family home came in at $490,700. And $317,082 for attached homes. (condos, townhomes) https://youtu.be/B8B8dWgeXc8 Home prices in the Denver area just continue to rise. Of all the available listings on the market only 41 percent are priced below … [Read more...]
