Jul 22, 2012

June 2012 Denver Housing Report

The good news this month is that our average single family home price is now $12,000 above the peak of last year.  The increase is due to more homes being sold in upper price ranges.

Denver's spring market has hit some huge strides in recent months. Our robust market will probably level-off though, because there's just not enough inventory to sustain the pace.  Lack of inventory is a big challenge right now.  Although home buyers have been awakened to the combination of reasonable prices and low rates, the market can't sell more than it has available.  Unless the supply of homes somehow increases, we've probably seen our market peak for 2012.  

A few additional notes about the June market report is that 'average' condo prices continue to rise.  Although condo prices have been more sporadic than single family homes, the upward trend for condos has been more consistent.  New home builders are also doing well.  With the low inventory levels in the resale market, many more buyers are considering new homes.  

All eyes are now on the second-half of the year.  We haven't had sustained year-long market activity for quite some time.  Will this be the year?  Stay tuned, and we'll bring you all the latest updates on the Denver housing market.  Check back soon!

Average Home Price & Solds Graphs

Average Home Price, Inventory, & Days-On-The-Market Graphs

Check Out Today's Interest Rates

Today's Interest Rates

Get It Monthly - Average Home Price & Trends!

We subscribe to a variety of data sources that helps us evaluate Denver's average home price and trends report, for our clients. If you'd like a copy of our Average Home Price & Trends Report for Denver, simply send us the easy form below.

Originally posted at: Average Home Price And Trends Report.  Data provided by Metrolist. Graphs copyright© Michael Dagner Group. All information deemed accurate, but cannot be guaranteed. Image attribution - percent - www.sxc.hu

 

(303) 514-4000
What Our Clients Say

Copyright © 2012, *June 2012 Denver Housing Report*, by Michael Dagner and www.DenverHomesOnline.com. All rights reserved.