The first half of the year is officially over, and we have the latest stats to break down where we currently stand in the Denver real estate market. 📊🏘️
#dmarstats#denverrealestate#realestatemarket
1. There are 4,107 Denver area homes available for sale this week, up 5.61% from last week. 35.7% of those for sale have reduced price and have spent an average of 108 days in the MLS compared to 42 days from homes without. #dmarstats#housing#denver#realtors#colorado#realty
Denver area homes available for sale dropped 5.39% from last week. 54.7% of the homes available for sale have reduced price and have spent an average of 93 days in the MLS. #dmarstats#realestate#denver#housing#realtors#colorado
This September, 18.7% of closed transactions reduced the asking price (compared to 10% in July). Those properties that reduced price spent an average of 35 days in the MLS (compared to 8 days). #DMARstatsbit.ly/MTR-11-21
Purchasing a home is a way to curb inflation for many. In a conventional 15, 20 or 30-year loan, your monthly payment is a fixed cost protecting you from inflation, which causes rent costs to increase. #DMARstatsbit.ly/MTR-11-21
In a year of continued turbulence, October represented a month of relative ease in the bumpy Denver real estate market, signaling gratitude across the housing industry. #DMARstats
Full November Report: bit.ly/MTR-11-21
You can no longer price a home high and “get lucky” or price it incredibly low and let the market take it to where it is meant to be. Working with a Realtor® and using comparables with an understanding of seasonality is crucial. #DMARstatsbit.ly/MTR_8-21
June 2021 shows a trending return to normalcy with a month-end inventory increase of over 50 percent in the Denver Metro Real Estate Market. #DMARstats
The FULL July Market Trends Report can be found here: bit.ly/MTR-7-21
Listings that sell to cash buyers sell for 102.5% of list price while conventional loan buyers sell for 102.4%. FHA comes in third at 101.8%. In March, 70.1% of closed transactions utilized conventional loans with 17.1% being paid for in cash. #DMARstatsbit.ly/MTR-5-21
April 2021 depicts increased opportunities in an extreme market, with the Luxury Market showing the possibility for buyers who outlast the fatigue of competition to find themselves with more options than they have seen in months. #DMARstats
May report: bit.ly/MTR-5-21
One-year post COVID and this unwavering seller’s market makes it clear that buyers are left making emotional decisions rather than factual ones when purchasing a home. #DMARstats
Download the April Market Trends Report here: bit.ly/MTR--4-21