How's The Market? As of October 12, 2020

How's The Market? October 2020

Numbers at a glance start with our lack of Inventory that is down
43% from this time last year! Single Family Homes at 3,041 and
Townhomes and Condos at 2,260 for a Total Inventory of only
5,301! Ouch! This has caused a year over year from September
2019 Average Residential Price that is up over 12%, and a Year to
Date Average Price that is up about 6%!
 
Year to date, the New Listings in the Denver Metro market are
only down 4.3% from 2019, but Closings YTD are up 1.6% which
shows that this is mostly a demand issue not a supply issue for
the most part!
 
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