Denver Housing Market by the Numbers
Home sales and the average sold price remained flat compared to this time last year. Home sales fell by 1% while the average price homes sold for increased by 1%. Meanwhile, the number of homes under contract increased by 10% when looking back at February 2018!
New listings showed a 9% increase year over year, which led to increased inventory. Homes continue to sell quickly spending 5 days fewer on the market compared to this time last year. Increased inventory was rewarded by an increase in sales year over year.
Buying and Selling Season Has Arrived
The housing market across the Denver Metro Area is preparing for the Buying and Selling Season.
Buyers need to be ready for Colorado's fast pace housing market. Even with increased inventory, homes continue to sell quickly.
Looking to buy a home? Make sure to contact Denver Realty Pro. Our team of experts know the market can help you make a competitive offer once you find that perfect home. Call us today!
