Prices down, Inventory up October 2019! Here is a quick synopsis of the greater Denver metro market, month over month compared to year over year. For clarification, month over month means September to October or October to November and so on. While year over year would be comparing 2017 to 2018 to 2019 etc. Month … Continued
Prices have dropped… WAIT – WHAT…???
Well actually, that’s “partially” true. Denver area prices down 1.0% (form the previous Month) – BUT when compared to Last September (2018), ‘Average Sold Price’ was UP 4.7%!!!
Check out the Full Report; by clicking the link below.
Did you know…..
• The Greater Metro Denver market started Feb with an increase of 8.7% month-over-month and 5.1% year-over-year in under contracts.
• Active listings increased month-over-month by 3.2% and year-over-yearby 29.5%. This increase in active listings has given the buyers more bargaining power. However, the month supply of inventory (MSI) was 1.79 months,indicating this is still a seller’s market.
• Average Days on Market (DOM) increased to 40 days,up 29.0% year-over-year with homes on the market 9 days longer in Feb 2019than Feb2018.
There is quite a bit of additional information in the attached report. Take some time to review and then contact us to discuss opportunities that may exist for you in our current market.
**Thanks to our partners at Land Title for the fantastic market report and data!