What a crazy and wild ride 2015 has been in real estate!…Buyers are still out there competing & remain persistent looking for properties. The name of the real estate game in Denver is PERSEVERANCE!
- The average (including million dollar properties AND condos) days on market dropped to 21 days – but if you are a buyer in the under $300k category, you know it is much less!!!!!
- The average sales price in Denver rose to $374,000 (up from $336k same time last year)
- The total number of properties sold was 4869
- Active inventory still VERY low at 5139 active listings in May – just think in May 2012 there were 13,466 active listings!!!!!
- The average 30 year fixed rate on a mortgage at 3.84% with .6 points
Lori Vialpando Coldwell Banker Residential 303-324-5731 homes@lori-v.com
For a pdf version of the report click here: May 2015
Lori Vialpando's Blog 