Denver Homes Online

May 2017 Home Price Report Denver Co

May 01, 2017

Average Home Price & 
Metro Denver Market Report

denver home price chart

 

Average Home Price 
& Monthly Housing Report


Investor concerns over weak economic data have helped to push interest rates lower than expected in recent weeks. Rising international tensions also have weighed heavily on the markets.

30-year fixed-rate conventional mortgages averaged 4.10%, and the 15-year fixed rate mortgage were holding at 3.35%.

The combined perceived risks in the stock and commodity markets have kept mortgage rates stable and affordable, as Spring buyers rush to secure their home purchases. This has been great news for home shoppers, so enjoy them while you can!

Although bonds and treasury securities are typically a favorite 'safe haven' for investors during times of market uncertainty, there are other factors at play which can cause interest rates to rise again. In the months to come, continuing interest rates hikes appear imminent by 'The Fed' as it prepares to deal with rising concerns over inflation. The Fed will hold another meeting in June, so we'll see how soon another round of rate hikes occur.

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

bar chart homes sold denver

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

housing market graphs denver co

housing market graphs denver co

 



Category: Market Reports

Michael Dagner

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