Real Estate Guides
Helpful Guides - At Your Fingertips
- First-Time Buyers Guide
- Moving & Relocation
- Home Financing Guide
- School Reports
- Neighborhood Reports
- Home Selling Guide
- Home Prep And Staging Guide
- Home Sale Marketing Guide
- Updated on October 1, 2017 -
Home prices in the greater Denver Metro area saw decreases for the second consecutive month, with prices falling, fewer homes selling, and a decrease in the number of homes being listed. Sales of single-family detached homes decreased 10%, while sales of condos/townhomes fell 5%.
Since reaching a peak of $448,181 in June, prices have decreased nearly 5%, a welcome sign for home shoppers. The average sold price of a single-family home was 3% lower than just last month.
In spite of these declines, inventory levels remain steady and tight, especially below the $350,000 price point, where most of the market activity is occurring.
As we head into Fall, moderating prices and steady inventory levels could offer buyers the incentive they need to jump into the market. At the current sales rate, there is about five and a half weeks of inventory.
Till next month,
If you'd like to receive Mike's Average Home Price & Trends Report for Denver, just subscribe to our newsletter. Sign-up on the easy form, below.
Data for our Average Home Price And Trends Report is provided by Metrolist. Graphs copyright© Michael Dagner Group. All information deemed accurate, but cannot be guaranteed. Image attribution - percent - www.sxc.hu
Michael Dagner is an expert in Denver-Area home sales.
Call today, (303) 514-4000, for help with your home sale or purchase.
by Michael Dagner: Google+
The Michael Dagner Group, Brokers Guild Cherry Creek Ltd, 7995 E. Hampden Ave, Ste 100, Denver, CO 80231 Map
5 Minutes From The Denver Tech Center - Near Tamarac Square, 9-Mile Station, & Cherry Creek Reservoir