2017 Year End Market Watch - Denver Metro Area

Market Trend

2017 Year End Market Watch - Denver Metro Area

The 2017 year end real estate market statistics for the Denver Metro area are:
Average Sold Price in 2016 was $399,035 vs Average Sold Price in 2017 - $434,074 - up 9%
Average Sold Homes in 2016 was 56,144 vs Average Sold Homes in 2016 - 58,129 - up 3.5%
Average Days on the Market in 2016 was 34 days vs Average Days on the Market in 2017 was 36 - up 2 days
In my opinion, this is the most important statistic:
Weeks of Inventory in 2016 was 7 weeks and Weeks of Inventory in 2017 was 5 weeks - down 2 weeks. Weeks of Inventory means that if no new homes were added to the market, all the homes would be sold in 5 weeks. A balanced market between a buyer and seller market is considered 6 months of inventory or 26 weeks. We had only 5 weeks. That reflects the extremely low number of homes for sale in our market.

Click on "Read More" at the bottom of this page to see the video presentation.

Whenever you are ready, here’s some ways that I can help with your real estate goals:

1) Free Access to search the Denver MLS for all homes currently on the market: Denver Home Finder Service Property Search

2) Join me for a home tour - Home tours are Monday thru Saturday at 2:00 pm or 6:00 pm - choose your tour here

3) Request a specific search that sends all the homes that meet your parameters as soon as they come on the market - that way you can beat others to the best homes. Send me an email with "specific search" in the subject line and your wish list - Price range, school district, style, minimum number of bedrooms, etc. - Vickie@DreamsCanHappen.com

4) Receive a Home Loan Report –There are so many different loan programs. Do you need 20% down payment to purchase a home? Are there special programs for first time home buyers? What does CHFA mean? What's the difference between a FHA loan and a Conventional loan? Send me an email - - Vickie@DreamsCanHappen.com with "Home Loan Report" in subject field and I'll send it right over.

Also….check these out??

Denver Home Finder Service

Denver Home Seller Service

Millennials are making a big mistake by not owning their homes, says one financial expert from CNBC.