Denver housing market: The Good, The Bad, The Questions! Three Trends in Today’s Market The Denver housing market has reached record levels in pricing and is finally seeing inventory rise which will slow down the appreciation of homes.The 2021 data is showing some slowing down of the momentum earlier in the year in the upcoming [...]
Is The Denver Real Estate Market Starting to Cool Off? Average Price of a Single-Family Home Year over Year in June 2021 recorded an increase of price of 21.6% at $596,227. This growth is a result of coming out of the Pandemic in June 2020 and these are unsustainable gains in price. Prices will start [...]
June 2021 inventory of single family and attached units is at record lows of 2,749 total homes for sale in the 8 County Denver Metro Area.Pending contracts are a predictor of future closings - there are 7,717 homes pending to close, compared 8,670 one year ago. The average price of a home in Denver today is [...]
How Hot is Denver’s Real Estate? It’s Sizzling! May 2021 inventory of single family and condo decreased 69.4% from a year ago. Total Active listings today in the 8 county Denver metro area is re 2,628 compared to 6,840, 12 months ago.Despite the shrinking of inventory levels, the number of closed properties has increased 41.7% [...]
What Effect Has the Virus Had On Denver Real Estate Over the Last Year? • Average Price of both Single Family homes and Attached homes Year over Year in March has increased to $578,123, a 14.9% increase over March of 2020• Inventory as of the start of April 2021 decreased by 75.9% year over year.• [...]
Low Inventory and Low Rates are the Talk of the Real Estate Market Average Price of both Single Family homes and Attached homes Year over Year in February has increased to $553,231, a 14% increase. This increase is unsustainable and will flatten by late summer 2021. Remember we had March, April and May of 2020 with [...]
2021 Denver Real Estate Continues Its Aggressive Market Average Price of both Single-Family homes and Condominium Homes Year over Year in January was $550,165 vs. $475,689 in 2020, a 16% appreciation over January of each year. So long as the inventory is at very low numbers prices will continue to rise. Inventory for January 2021 decreased 12% [...]
Denver Metro Area Single Family Housing • 58,565 single family and condominiums/townhomes sold in 2020 compared to 54,590 that sold in 2019 or a 7.3% increase in the number of homes closed. • At Year End 2020 there were 2,237 active homes for sale compared to the end of 2019 which had 4,395 homes - [...]
