ReColorado Market Stats – June 2016

ReColorado_LogoThe real estate market in Denver continues to thrive this summer. A good sign is the inventory of homes available has increased since just last month which allows for a little more selection but the demand is high which creates the opportunity for bid wars. The number of active listings is 6.9% above what it was this time last year. The median sold price year over year is up 10.8%, and the number of sold listings is down by 16.9% because due to lack of inventory. Homes are selling at a fast pace with an average of 20 days on the market. The average sales price in Denver is $418,747 and Sellers are getting 101% of their asking price on average.

Thinking of buying or selling a home, give me a call at 720-373-0654 to help you outline a strategy that will work for you. With over 35 years of experience selling Denver homes, you can rest assured that I know a few things about buying and selling residential real estate.