Metro Denver Real Estate Market Update - July 2017

By
Real Estate Agent with The Bandy Team - EXP Realty

Rising Home Prices Break Records

Average Colorado Home Sale Prices Reach New All-Time High


Demand for homes in Colorado remains strong, and home prices continue to rise. In June, the average sale price for all types of homes increased to $454,880 — an all-time high, the first time on record that the average home price reached above $450,000.  Average home sales prices were up 3% month over month and 8% year over year.

The Denver Metro Housing Market saw a welcome, increase in the number of available homes for sale in June. However, continued demand held inventory at near record-low levels. At the end of the month, 6,941 homes were on the market, 9% more than last month and 12% more than this time last year.

 

 

REcolorado released its monthly report for the Denver Metro Housing Market for June 2017, which outlines the increasing average home sale price, among other real estate trends. So what does this mean for Colorado home buyers and sellers?

Selling Your Colorado Home

There’s good news for Colorado home sellers. More buyers are able to purchase homes in higher price ranges. With a strong economy and low unemployment numbers, the buying power is strong.

The value of homes is increasing for Colorado homeowners with record breaking average sales prices. Homeowners can contact me to get an estimate of the value of your home.

If you’re considering selling your home, contact me today.  The demand from buyers is still strong!

Buying a Colorado Home

For metro Denver home buyers, there’s still good news. Home sales slowed a bit in June, down slightly compared to last month and last year.  And inventory of homes for sale has started to increase.  Buyers now have more homes to choose from.

Buyer’s can’t relax quite yet — homes are still selling quickly, with an average of only 20 days on the market. Finding a home in a fast-paced market takes preparation and determination.

Working with me means Denver home buyers have access to the most up-to-date information and accurate data on homes for sale.  We’ve also learned a few tricks to help buyers get their offers accepted.

June 2017 Housing Market Infographic

For more information on Denver Metro real estate trends, view the June 2017 Housing Market Infographic.  

If you have any real estate questions, feel free to contact your Parker real estate experts, The Bandy Team! Our team will guide you through all phases of home buying and home selling in Parker. 

Let us show you
homes in the fine communities of Parker, including properties in Meridian Village, real estate in The Pinery, or luxury homes in Pradera. 

 

We are here to help you find your dream home and will guide you every step of the way! 

Search all metro Denver homes and real estate for sale. 

 

Until next time,

Marianne

 

Marianne Bandy, Team Leader 
The Bandy Team - EXP Realty 
DenverHomeSearcher.com - Denver Real Estate & Homes  
720-466-3790 

Check out Bandy Team Reviews on Zillow

 

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Marianne Bandy

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