Search All Denver Homes
We Give You The Easiest Ways To Search Denver Homes And Find The Perfect Home!
Average Home Price &
Metro Denver Market Report
Last month saw a continued slowing of home sales, combined with a large dip in inventory. Home prices actually changed very little from the month prior.
The average sales price of a single family home was $429,300, down 1% as compared to last month, and up 8% year over year. The average sold price of a condo-townhome increased to $293,402, one percent month over month, and up 12 percent year over year.
Fewer listings came to market last month, and that contributed to a decrease in inventory levels of both homes and condos. Inventory wound-up 12 percent lower than this time last month.
Although inventory in the Denver Metro market remains low, there are still opportunities for buyers, as sales have also declined due to seasonal market cooling. That said, sales may spike again this month due to the recent jump in interest rates. More updates on that coming soon.
Till next month.
If you know of someone who needs to sell a home due to an estate, divorce, relocation, or other circumstance, please let me know. Call or email. I look forward to helping those you know, because they trust you and appreciate your referral.
Michael Dagner is a real estate professional in Denver, Colorado.
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