The Denver Metro housing market is looking like it is off to hot start again here in 2018! Take a look below to find some interesting stats that are sure to affect your home buying and selling this year!
HOMES ON THE MARKET
January 2018 recorded a record low of listings in single family homes and condos at 3,869.
HOMES UNDER CONTRACT
There were 4,882 new listings and 4,805 homes put under contract.
AVERAGE PRICE OF SINGLE FAMILY HOMES
The average single family home sold price increased 1.44% month over month as well., making the average price just over $490,000.
AVERAGE DAYS ON TTHE MARKET - SINGLE FAMILY HOMES
44 Days
CLOSING PRICE VS. LISTING PRICE - SINGLE FAMILY HOMES
Buyers aren't getting much of a break here either with the closing price remaining high at 99.27% of the original listing price in January.
So what does this all mean?
Sellers, congratulations! We will be selling your home very quickly and for a great price this year! Let's talk and find out how much your home is worth. Call me at 303-931-5106
Buyers, be prepared and ready. Make sure you have your pre-approval letters in hand. Be decisive and know what kind of home you want. Your home search will be very competitive. With the right tools and the right people in your corner, it will be downright exciting!!
WANT TO LEARN MORE ABOUT GETTING READY TO BUY A HOME?
Join me on Feb. 22nd for a Home-Buyers Conference from 6-7:30pm in Longmont. Learn what the process looks like from Day one through closing. Ask a lender questions and get pre-approved. Every situation is special and needs special people that are committed to YOU!
Register for the FREE conference here...
**All stats were provided by the Denver Metro Association of Realtors and include the counties of Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park.