Update on Denver's Housing Market.
The Denver housing market is slowing down, a little. According to the Denver Metro Association of Realtors', home inventory in Denver us up by 7% and prices have dropped by 4.9%.
Although the housing marketing in Denver is showing signs of cooling off from the summer months, it is not the time to wait, with forecasted appreciation at 5.6% over the next year and raising interest rates.
Denver Housing Market Overview for September 2018 - Denver Metro Real Estate Report
- Active inventory: 6,121
- Sold Homes: 3,646
- Average Selling Price: $525,346
- Median Sold Price: $445,000
- Average Days on the Market: 25
Denver Housing Market Overview for September 2018
- Active inventory: 2,107
- Sold Homes: 1,427
- Average Selling Price: $345,791
- Median Sold Price: $299,000
- Average Days on the Market: 20
With an experience real estate professsional, you will be able to navigate through the competitive Denver housing market and find your new dream home. For more information, please click here to read the Denver Business Journals article.