Denver Area Housing Market Statistics - August 2019
Here are the latest housing market statistics from REcolorado comparing August of 2018 to 2019. This is a great information as local Denver area home buyers and sellers across prepare for the fall buying and selling season. There continues to be higher than normal inventory levels in the Greater Denver area, which gives buyers more choice of homes and keeps prices in check. The total number of active homes for sale at the end of August was 9,511, which is 14% higher than the same time last year. The days on market was fairly close, however this year most homes spent a little more time on the market, averaging 39 days on the market during August versus 34 last year.
Denver home prices have pulled back slightly from the peak summer average of $502,460, with an average sold price of $487,205 in August. This is still 3% higher when comparing the prices to 2018. Prices are continuing to increase, but at a more moderate pace, and may vary depending on the price point of the home. Check out the infographic below and the video summary at the bottom of the page.
If you are thinking about buying or selling, be sure to check out our website at http://www.tctrealestate.com or call us at 720.600.2182 We'd be happy to answer any questions or provide you a no obligation value analysis on your home. While automated value estimates are nice, it's better to have the professional analysis of a local Denver real estate professional.
*All data provided by REcolorado