Denver Quarterly Market Update



Denver Quarterly Market Update

Hey, guys!

I’m here in front of our brand new office today and I wanted to share what’s been happening in our Denver area market. As, I’m sure you’ve seen in the news, the market is great!

We have data included for you to see exactly what’s been going on. A year ago I thought our inventory was low. Since then, though, it has continued to decrease. The active listings for single-family homes and condos have dropped by seven percent.

One of statistics I’m most excited about is our average sales price. Last year it was $250,000; this year its $346,000! That’s incredible. Not only can sellers get a great price, but their homes are sitting on the market for fewer days! The average-days-on-market dropped 43 percent from last year. That average home is on the market for only 37 days!

It’s not just good news for sellers, though. We are experiencing historically low interest rates that make now a better than ever time to buy.

If you have any questions about selling, buying, pricing, staging, whatever you can think of, give me a call! I’d be more than happy to help!

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