Summer Is Heating Up & So Is The Housing Market...
The Denver Housing Market showed that even COVID-19 can't keep it down for long. June's Market Watch showed just how robust the Denver Real Estate Market is right now. Across the Denver Metro Area sales were up as the restrictions eased.
Pending listings were up by a whopping 28% vs. this time last year as more homes went under contract. Several other key indicators showed improvement as the Summer Selling Season is in full effect.
Closed homes were up 3% with 5,922 homes closing in June. Home prices were also up 2% with the average home selling for $508,951.
Fewer listings came to market in June causing the weeks of inventory to go from 7 to 5 weeks.
Interest rates continue to be at record lows which is helping driving the hot housing market. If you have been waiting for the right time to Buy or Sell that time is now!
More Market Stats
Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood!
Considering selling or refinancing your home? Get an INSTANT property valuation now!
Contact us today to find out how we can be of assistance to you!