Apr 01, 2015

April 2015 Denver Housing Report

Average Home Price - Metro Denver

Updated on April 1, 2015

Average Home Price 
& Monthly Housing Report

The market did an about-face from last month, and put up positive numbers in three key areas. Total sales were up 13.4%, home prices rose 4.4%, and condo prices also rose 6.8%. Homes available hit rock bottom last month, and haven't budged for the past 30 days.

With the continuing shortage of homes, volatility in the numbers will continue. We probably won't see a bump in inventory until next month. And if the market is anything like previous years, we should begin to see our housing inventory rise through mid-summer.

Even though the entry level housing market is red hot, some move-up buyers are finding they can more easily afford to sell and buy a brand new home, or a more expensive home (above 500k), because home prices in these upper ranges haven't risen quite as much.

On the 'new home' front, there are many opportunities to buy a new house, and have it completed by the end of the year. If you've always wanted a new home, now's as good a time as any. Interest rates are holding at very low levels, and that will allow you to buy the 'perfect new home' you've been dreaming of.

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. 

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.