Denver Metro Market Overview for February

Real Estate

Denver Metro Market Overview for February

The biggest problem that the Denver metro area has had in the real estate arena is the lack of homes for sale. In February we saw a welcome increase in homes for sale. February 2018 had 6,169 Active Listings which is a 16.6% increase from February of 2017. But that still works out to only around 1.5 months inventory supply of homes. That means that if no one else put their home on the market, the number of homes available would be gone in around 1.5 months. A 4-6 month inventory supply is considered a balanced market between a buyers market and a sellers market. So our inventory level of 1.5 months is still a very strong sellers market - although it's improving some.

The Average Sold Price is up slightly from $438,355 in January to $440,538 in February.

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. -

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 - - 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.