Market Update Denver Real Estate: 1st Quarter 2016

Posted by Trevor Sholders on Thursday, April 21st, 2016 at 3:07pm.

Market Update: 1st Quarter 2016  Denver Real Estate

Average Sales Prices & DOM (Days on Market) Comparison

Market Comparison

What does this mean? Inventory levels are only slightly less than that of last year, homes are selling 2 days slower, and prices have gone up by approximately $33,453 higher than when compared to the same period of time last year. Denver is experiencing a robust increase in the average price of a home as it truly is a sellers market.

Buyers are more successful when they have an excellent Realtor counseling them with a variety of negotiation strategies to guide them through a multiple offer situation. With interest rates being where they currently are,  Buyers are still offered a great time to purchase.

If you would like to see how much your home has appreciated, or your specific area's current market happenings, or have any questions, email us  or call me at (720) 515-5502.

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