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 - [...]
WANTED: Sellers Willing to Sell Fast & At Top-Dollar! Inventory for December 2020 decreased 50.56% over December 2019 from 6582 units in 2019 to 3259 units in 2020. The lack of inventory will continue to drive homes sold and appreciation for the first 6 months of 2021. The number of homes closed in November 2019 was [...]
Denver Real Estate Forecast: Low Inventory! With only 5,115 homes on the market this November, compared to 7,645 in November of 2019 for the 8 county area, there is a significant reduction in available housing. This is a 33% reduction in inventory year over year in the 8 county metro area. Twelve months ago, there were [...]
2020 Third Quarter Real Estate Review The first three quarters of 2020 real estate experienced a staggering increase of sales coming out of the “shut down period of March through May 8th”. The market was abnormally brisk considering the pandemic, due to low inventory and low interest rates. The days of bidding wars, prices rising [...]
Low Inventory, Low Interest Rates Creates Real Estate Excitement Four Market Trends • Listing Inventory is 39.2% lower today than 12 months ago. Normally we would see an increase of inventory as the housing market heads through the summer. A typical number is 6% growth in inventory from July to September • The number of [...]
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 with an average price increase of 9.2% over last July 2019. The 2020 listing inventory is 36% lower this year than 12 months ago. As supply decreases, demand increases as most [...]
