Sep 29, 2015

September 2015 Denver Housing Report

Average Home Price - Metro Denver

Updated on September 1, 2015

Average Home Price 
& Monthly Housing Report

Surprise - we haven't seen this much housing inventory in over a year! Inventory is finally on the upswing, and giving anxious buyers a little more selection. That said, there still aren't a lot of homes available to purchase due to high demand in the market. This could change in the months to come though, especially if we see climbing interest rates.

All three of our market indicators were off last month - total sales, home prices, and condo prices all pointed downward, but ever so slightly. Last month was the second month in a row where the average home price declined. There's still lots of competition in the 350,000 and below price range, but things may be loosening-up. This Fall, home buyers probably won't be facing 5-10 competing offers like we saw in the Spring, but it's still a very active market overall. Buyers are increasingly able to negotiate on prices (above 400k). Houses that are 'priced right' and in the 'best condition', will still command top dollar and sell pretty quickly.

Probably the most interesting thing to know about the Denver housing market right now, is that for every 25 thousand spent, buyers should get a lot more house, or features, for their money.

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.