Tagged : Denver real estate RSS Icon
Found 8 blog entries tagged as Denver real estate.

Homes For Sale In Denver Hit New Record Highs

The stats for June 2021 Denver home sales are now in from REColorado MLS.  The numbers are showing new records for the real estate market across the entire greater Denver area.   Here is a recap of the stats:

  • 6420 Homes Closed in June 2021
  • Average Price: $642,167 - Up 21% since June 2020
  • 7691 new listings came on the market
  • Average days on market to contract: 10 - down 15 days from June 2020
  • Absorption rate: 2 weeks (with no new listings, all homes will be sold within two week at current rate)

Inventory is still very low, and home builders cannot keep up with demand.  Overall demand for housing is fairly average, however because inventory of both new construction and resales in the

612 Views, 0 Comments
Read Full Post

65% Of Denver Homes Are Selling Over Asking Price

Home prices in the Denver area have been on the raise, but is now being exacerbated by a huge influx of buyers from other states, driving prices even higher as inventory wains.  We were one of the hotter housing markets before COVID hit, and now with more people working from home, home buyers are moving from inner city areas to more spacious homes in the suburbs, of which Denver is a huge draw.

Active Single Family Home Listings In Denver

Data provided by the Denver Metro Association of Realtors shows a severe drop in available inventory for home buyers to choose from.  Inventory in the Metro Denver area fell from 8677 active listings in March of 2020 to 1749 active listings in March of 2021.  New

1010 Views, 0 Comments
Read Full Post

A Record Setting Year For Denver Real Estate and Home Sales

2020 was a record-setting year. Brokers wrote more contracts on listings, sending them to the pending status, and more homes closed than any year on record.  The number of new listings that hit the market did not keep pace with demand, which made inventory a challenge throughout the year. Highlights for January – December 2020 Strong demand kept prices high with median and average closed prices reaching-time highs. Half of all homes closed sold $450,000 or more.  Contracts were written on homes quickly in 2020. The median number of days a home was available for sale in the MLS was 7, which means half of homes for sale were off the market in a week or less.

The number of listings that closed

736 Views, 0 Comments
Read Full Post

Denver Area Housing Market Statistics - August 2019

Here are the latest housing market statistics from REcolorado comparing August of 2018 to 2019.  This is a great information as local Denver area home buyers and sellers across prepare for the fall buying and selling season. There continues to be higher than normal inventory levels in the Greater Denver area, which gives buyers more choice of homes and keeps prices in check. The total number of active homes for sale at the end of August was 9,511, which is 14% higher than the same time last year. The days on market was fairly close, however this year most homes spent a little more time on the market, averaging 39 days on the market during August versus 34 last year.

Denver home prices have pulled

2263 Views, 0 Comments
Read Full Post

Zillow Offers Now Available In Denver Housing Market

House In Denver

How is Zillow's new program to purchase homes directly from Denver home owners going to impact the market and how will it impact the real estate business.  With similiar programs already running in the Phoenix market with Offerpad and OpenDoor, home sellers seem to have taken a liking to these types of services.  But why would you want to take less than what the open market can provide if it's listed with a local real estate professional.  For many sellers it the convenience of not having to go through the selling process and picking their closing date.  With the Denver Housing Market still being fairly brisk, and at lower price points where their is more demand due to the affordability factor,

1407 Views, 0 Comments
Read Full Post

Denver Home Sellers Market Is Starting To Favor Home Buyers

According to stats reported by the Denver Metro Association of Realtors, the Denver real estate market is starting to show signs of cooling as we are in the heat of the summer.  As more homes have come on the market, home buying and purchase activity has slowed, and prices have dropped in June, and I am expecting we will see the same thing when the July numbers come out.  Prices appeared to have moved a little to far to fast and this is not an unexpected correction.  Rising interest rates could also be a contributing factor, but home prices do historically rise during a rising rate environment, but sellers will need to adjust their expectations on how quickly they will sell and for what

1331 Views, 0 Comments
Read Full Post

Denver Home Resale Gains Still Among Top 4 Municipalities

Market psychoanalysts say the Twin Cities trend is clearly research results of a perfect gale of real estate actualities beginning with that housing bubble about a decade ago.( Recognition: KARE 11)

DENVER BUSINESS JOURNAL- Metro Denver remains among the top four major U.S. marketplaces for year-over-year amplifications in home resale prices, according to recent S& P/ Case-Shiller Home Prices Indices report.

The area saw an increased number of sale price of 8. 2 percent in April from a year earlier, following annual amplifications of 8. 4 percent in March and 8.5 percent in February, according to the closely followed Case-Shiller monthly real estate report series.

Denver's 12 - month

2100 Views, 0 Comments
Read Full Post

The Time To Buy A Home In Denver Is Now!

Denver Real Estate MarketTo most who understand the national housing markets, and those in the real estate business, Denver ranks as one of the best home seller markets and best places to live in United States. To those of us in who are agents, Denver has been in an imbalance in the favor of home sellers, as inventory is small and demand is high. Zillow has also recently stated it's the best housing market in the United States for 2016. Even though the Denver Metro real estate market has been very active with bidding wars and low inventory, there are still many reasons for buyers to still consider buying and not abandoning hope in this market.

If you are considering purchasing a home, here are some things to consider.

New active

2046 Views, 0 Comments
Read Full Post