If this is a Buyer's Market, where will you be living when it's over?
Is this the bottom? Are we getting close to the bottom? I get asked this question almost daily. And, my crystal ball is in the shop, so I don't have a for certain answer. The Average and Median Denver home price dropped again this month, so clearly, if your motiviation isn't strong to sell - stay put and ride it out. On the other hand, if you have a good equity position and are wanting to move up, this market is an excellent opportunity.
Thinking of adding a Denver rental property to your investment portfolio? Don't wait much longer . . . prices are low, interest rates are reasonable, and the inventory of homes is great!
If you want a monthly report of what's happening with Denver home sales in your neighborhood, just email or give me a call.
|
|
|
Change vs |
| |
8-May |
Prior Month |
Year Ago |
| % |
% |
| Single Family (Res + Cond) |
| Active |
26,171 |
2.57 |
-6.06 |
| Under Contract |
6,287 |
7.03 |
1.85 |
| Sold |
4,265 |
14.99 |
-3.05 |
| Avg DOM |
106 |
-3.25 |
-3.16 |
| Avg Sold Price |
$247,583 |
-2.53 |
-15.51 |
| Residential |
| Active |
20,054 |
2.79 |
-2.07 |
| Under Contract |
5,068 |
6.69 |
3.47 |
| Sold |
3,353 |
13.62 |
-3.43 |
| Avg DOM |
103 |
-5.5 |
-4.63 |
| Avg Sold Price |
$267,259 |
-2.71 |
-17.13 |
| Condominium |
| Active |
6,117 |
1.83 |
-17.13 |
| Under Contract |
1,219 |
8.45 |
-4.39 |
| Sold |
912 |
20.32 |
-1.62 |
| Avg DOM |
119 |
0.85 |
1.71 |
| Avg Sold Price |
$175,245 |
1.01 |
-4 |
Until next time,
Marianne
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