The statistics are a comparison of March 2020 and March 2021.
The chart below indicates:
Home sales are up 7% from last year at this time.
The average sold price for single family homes INCREASED 15%. Thus creating more equity for home owners!!
The average days on market DECREASED 11 Days.
The amount of available inventory had DECREASED buy 5 weeks.
Homes are in HIGH DEMAND. The Average home price Increased dramatically again!! Inventory DECREASED. Creating a super competitive market to buy in.
The housing market is a SELLERS market. Another huge 15% increase in the average home price. With super low inventory at 1 week.
With low interest rates holding but slowly on a rise is creating a frenzy to buy before they go up more. This has created a record low inventory that the Denver Metro has never experienced.
The Market has created an even more competitive market for buyers then I have ever seen before, record low inventory and rental prices climbing. Is making buyers realize they should own and not rent...
If you are looking to BUY or SELL?
We definitely need to talk, ASAP!!!
If you are looking for guidance with buying or selling a home. Look no further than aligning yourself with people who conduct themselves with the highest of Integrity and Character.
We are your trusted advisors and your reliable resource.
Broker Associate / Realtor
Stay Gold Group of HomeSmart