Denver Real Estate Market remains strong
Although the Denver Real Estate Market continues to lead most of the country there are some signs of moderation. Some of this change in the real estate market can be attributed to seasonal factors and some of it reflects a slight cool down in what has been a very hot seller's market.
The average sold price of a home in the Denver real estate market is $449,429 which is up 11.84% for the year so we are still experiencing strong appreciation in the average sale price. The number of homes sold is 2,736, down 36.22% from the prior month and down 15.45% from January 2017. Low inventory of homes for sale continues to dominate market conditions.
Below is a Denver real estate market snapshot based on January 2018 Statistics from DMAR Market Trends
This information is for the Denver Metro real estate market. Real estate market activity varies from neighborhood to neighborhood. If you would like an instant real estate activity report for your neighborhood click Market Report
Questions? Let’s talk – call or text me, Tom Gross, at (303-591-2116) to discuss your questions, plans or the current value of your home.