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 - [...]
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 [...]
