How Does 2020 Denver Real Estate Look? Are we in a Full Recovery for Real Estate?
- Average Price of a Single-Family Home has increased 2% YOY.
- Inventory between June 2019 and June 2020 decreased by 31.9%. Including the ‘Coming Soon’ category, the true inventory shows a decrease of 29.51%.
- The number of homes Pending in June 2019 versus June 2020 increased from 6,529 to 7,919.
- Average Days on the Market in 2020 is 24 days – almost identical to 2019.
We find it impressive that the market continues to grow throughout the course of the pandemic!
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How to Navigate a Changing Real Estate Market
Know how your price range is reacting to the new market trends, and what your odds are in specific periods of marketing or buying times.
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So, How’s the Market, July 2020 All data taken from REColorado on July 13th, 2020 for the 8 county Denver Metro Area.