Denver Real Estate Statistics – September, 2017
THINKING OF BUYING, SELLING, INVESTING? THIS IS A GREAT TIME TO GET INTO THE MARKET!
Along with the chilly fall weather, the Denver real estate market is cooling down and becoming more and more exciting for buyers. Property showings have slowed down, prices have been reduced, and we are seeing more and more Open Houses. While Sellers are still doing well and achieving high sale prices, our market is looking a lot better for Buyers! Even for those who have been looking in lower price ranges and have been frustrated about being beat out by offers over asking price, there is some relief happening. Steve Danyliw, Chariman of the DMAR Market Trends Committee, says “We’re starting to see a slowdown in overall housing market traffic even in the lower price ranges.” For those who have been looking to buy, this may be the perfect time to start getting serious about it. There are a lot of opportunities in some great areas around the Denver metro area!
Statistically, numbers have shown more houses on the market, and the number of sold homes decreased by almost 22%. Additionally, the average sold price has decreased just slightly while the average number of days on the market has increased. Things are looking more promising for those looking to buy.
And Denver is still a wonderful city to invest in! With the city’s pitch for the new Amazon headquarters, plus our inclusion in the running for a potential site for the Hyperloop, there is so much innovation and exciting development happening in our region. Our economy is strong as more people continue to move to the Denver area. So buying property is sure to be a great investment.
Are you thinking of getting into the market, or do you have questions to be sure it’s the right time for you? Feel free to contact me! I’d love to set up an online search so you can stay on top of the properties coming on the market in your ideal neighborhood.