Search All Denver Homes
We Give You The Easiest Ways To Search Denver Homes And Find The Perfect Home!
- originally posted September 1, 2013 -
Last months' home sales were up again, but the direction of the market is still unclear. With the recent 'push-up' in mortgage interest rates this summer, its still too soon to know what effect those rate increases will have on home sales for the duration of 2013.
Although last month's sales reached a high-point mid-summer, the biggest reason for that wasrock-bottom interest rates. As mortgage rates have been steadily climbing for a few months now, sales may finally begin to slow going into the second half of the year. We'll see more evidence of how the rise in interest rates has affected the market, after I publish next month's closed sales.
Looking at other numbers this month, average home price may have dropped a bit, but condo prices rose. This was a flip-flop of what occured the prior month. Our inventory levels also increased about 800 units, so that'll make buyers happy with some added selection of homes.
I'll be posting a few more graphs this week, that show the most active price ranges in the Denver market. For condos, the $100k-$250k range is the most active. For single family homes, that activity widens to the $150k-$350k range. Inventory remains pretty tight under $500k, with only a few months available for sale, on average. Although inventory levels have increased over 3000 units since March, increased sales have offset the additional inventory. Pickings continue to be relatively slim for home buyers.
Till next month,
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
Please add your bio info through your member profile page, or through your dashboard.
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
(303) 514-4000
Copyright © 2010-2011, the Michael Dagner Group. All rights reserved. Sitemap | Terms Of Use | Our Commitment To Your Privacy