The Cascade Team Blog

Homes For Sale In Denver Hit New Record Highs

The stats for June 2021 Denver home sales are now in from REColorado MLS.  The numbers are showing new records for the real estate market across the entire greater Denver area.   Here is a recap of the stats:

• 6420 Homes Closed in June 2021
• Average Price: $642,167 - Up 21% since June 2020
• 7691 new listings came on the market
• Average days on market to contract: 10 - down 15 days from June 2020
• Absorption rate: 2 weeks (with no new listings, all homes will be sold within two week at current rate)

Inventory is still very low, and home builders cannot keep up with demand.  Overall demand for housing is fairly average, however because inventory of both new construction and resales in the great Denver area is extremely low, we will continue to see upward pressure on pricing until we can move more towards a balance market.  That is normally somewhere around 90 days on market, so it will be sometime before we see this again in this market.

See the infographic and video below for more information.

If you are thinking about buying or selling please feel free to reach out.  I'm happy to help and answer any questions you may have.

Doug Young

Denver Real Estate Professional
Office: 720.600.2182
Mobile: 623.210.0902
doug@thecascadeteam.com

Check Out The REColorado Video Overview Of Denver Housing Stats In June

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