The Denver-area Housing Market Shows Signs of Easing as July Brings More Homes.
Real Estate Remains Sizzling Hot with Record-Smashing $11.45 Billion in Sales Volume Year-to-Date and Homes Selling Fast at an Average of 20 Days, but Market Conditions are Shifting.
New residential home listings on the market in July increased 5 percent over the previous month and 13 percent year-over-year, which naturally helped ease the average and median sold prices of homes – $366,419 and $314,900 respectively. At July month’s end, there was a 20 percent rise in active listings compared to the previous month.
Denver REALTORS® have been begging for an increase in housing inventory for the past 12-months and July was just what the doctor ordered,” said…