Sep 29, 2014

September 2014 Denver Housing Report

Average Home Price - Metro Denver

Updated on September 1, 2014

Average Home Price -
& Monthly Housing Report

Sales were a little slow last month as our summer winds down.  Total sales dropped slightly by 1.6%  "Slow" is relative though, and is compared to how insane the market just was a few months back.  I don't expect the sluggishness to last. Things are poised to pick-up just after Labor Day, with buyers who'll want to get into their homes before the holidays.

Home Buyers have more to look forward to when buying this Fall.  Inventory is climbing and interest rates are still very low.  Active listings are now just slightly over 10,000, as of September 1st.  If we break the 11,000 mark soon, that'll be the highest count of homes on the market since 2012.

The average days on the market is currently about 26 days.  That's the lowest level we've seen in years.  Homes-For-Rent are still very hard to find, which is another strong motivator for people to buy.  

Stay tuned for more updates.  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. 

Till next month,

Average Home Price & Solds Graphs

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

Michael Dagner

Michael Dagner is a real estate professional in Denver, Colorado.