Market Update Denver Real Estate: 1st Quarter 2016

Posted by Joseph Berry on Thursday, April 21st, 2016 at 4:07pm.

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 info@indenverrealestate.com  or call me at (720) 515-5502.

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