Latest Market Update - Early Signs of Moderation?
The Denver Metro Real Estate Market continues to shine. Double digit appreciation continues while average days on market continue to decline. Interestingly, inventory of homes for sale increased 9% year over year in May while homes sold decreased. If this trend continues if could be an early indication of moderation in our market. 2018 is on track to be the fifth consecutive year of double digit appreciation. If history is any indication this summer will be an excellent time to sell.
Below is a Denver real estate market snapshot based on May 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 or call Tom Gross for more information.
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. If you are thinking of selling now is an excellent time to take full advantage of our seller's market.