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2019-07-24 08:38:49
Is The Denver Market Changing to a Buyer's Market? June Report 2019

Can you believe we're already over halfway through the year? According to Denver Metro Association of Realtors, the housing inventory is at it highest level since October 2013. The market is a mix of of being a sellers’ market and buyers beginning to gain the advantage.

• The Greater Metro Denver saw a decrease in sold units for the first time this year, down
6.8% month-over-month and 5.7% year-over-year.

• Active listings for June hit 8,186 homes. The last time inventory was this high was in Oct

• While the increase in active listings has given buyers more bargaining power, the month
supply of inventory (MSI) is only 1.5 months, indicating we're still in a seller's market.

• Listings are still moving quickly with a decrease in average days on market (DOM) to 23.5
days. (Down 4.1% month-over-month, up 30.6% year-over-year.) On average, it took
homes 5.5 days longer to sell compared to this time last year.

• Detached single family (DSF) average sold price saw its first decrease all year, down 0.5%
to $543,527. (Equates to a $2,976 difference)

• Attached single family (ASF) average sold price also saw a significant decrease month-over month, down 2.6% to $365,451. (Equates to $9,839 difference)
Blog Archive
2019-07-24 08:38:49
Is The Denver Market Changing to a Buyer's Market? June Report 2019

2019-06-12 14:36:54
How to Find a Good Real Estate Agent

2017-03-20 11:26:42
Good Advice for Real Estate Buyers

2017-02-28 09:25:13
3 Tips to Combat a Low Appraisal

2017-02-23 16:33:15
3 Common Home Buying Myths

2017-02-13 09:38:00
Buying a Home? Your Moving Checklist

2017-02-04 11:21:41
2 Things to Know about Home Inspections

2017-01-30 16:27:45
What Does 2017 Hold For Housing?

2017-01-28 13:26:14
The Home-Buying Wish List

2017-01-23 14:32:40
3 Tips for Attending Open Houses

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