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 [...]
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 [...]
May 2020 inventory of single family and condo decreased 18.8% from a year ago. Total Active listings today is reporting 6,132 compared to 7,556 twelve months ago. Due to the smaller number of buyers out in April due to the pandemic, the number of closed properties has decreased 44.1% from May 2019. However, the decrease [...]
Real Estate: Good Investment Or Opportunity Investment as a Result of the COVID-19 Virus? Average Price of both Single Family homes and Attached homes Year over Year in April has increased to $495,982, a 1.9% increase. Inventory from April 13th 2020 to May 14th 2020 has increased by 15%. This is the trend we should expect [...]
Denver Metro Area Single Family Housing • 58,704 single family and condominiums sold in 2019 compared to 56,065 that sold in 2018 or a 4.71% increase in the number of homes closed. • At Year End 2019 there were 6,582 active homes for sale compared to the end of 2018 which had 6540 homes [...]
