Denver housing market breaks average home sale record — again – Denver Business Journal

Housing Sales slumped 8.5% from one year ago, the lowest sales since 2015. Prices still rose another 2.8% to a median of $247,500 nationwide. The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market.

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By Kelcey McClung – Reporter, Denver Business Journal Jun 5, 2018, 10:14am Two records were reached once more in the metro housing market in May: highest average price and lowest average days on the market. That’s according to the Denver Metro Association of Realtors market trends report. At $540,624 for a single-family home, the average.

Home price record, low inventory in May, CAR reports. Median, average home prices at record levels, statewide and in Denver area, CAR reports.

Colorado Home Prices Continue to Rise: 2017 a Record-Breaking Year. The average sales price of a single-family home in the Denver metro region reached $465,818 in December, up just shy of 11 percent from a year ago.. The sales activity in the Colorado Springs area housing market set a new.

That is only slightly above the record low of. RELATED: In denver housing market, what was hot is now cold. See where your ZIP code ranks in home prices. “Colorado has consistently outpaced the.

Our spring real estate market, both locally. detached single-family (DSF) homes in the Denver area dropped below 4,000 units, leading to a 4.8% drop in sales from April 2018. April’s average.

Metro denver. sale supply remains tight is that many foreclosed properties after the housing crisis were snapped up at discounts and converted to rentals. One way to boost the inventory of homes.

For the average homeowner, buying a million-dollar home may seem like a distant dream, or even a complete improbability. But here in Denver-where our real estate market continues to outperform other cities across the country-homes in this price range are not only selling, but competition for these properties is heating up.

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Experts worry that the census will again undercount. at least in the housing market. Rising interest rates and record-low supply have lured potential buyers out early – in just three days nearly.

DENVER (CBS4) – A new report shows just how hot the housing market is in Denver. Online real estate company, Redfin, shows homes are selling on average 19 days after listing. (credit: CBS) It.

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