Its back to school time! Although the July stats show a different picture, things are starting to “chill” a bit from the early spring days in Denver. But typically once the kiddos are back in school, things get going again. Its going to be interesting to see what this Fall brings us in the Denver real estate market.
Here’s a snapshot of what July brought:
- The average (including million dollar properties AND condos) days on market dropped to 19 days – but if you are a buyer in the under $300k category, you know it is much less
- The average sales price in Denver dropped slightly to $369,000 ($375k in June)
- The total number of properties sold was 5613 (up from 5264 same time last year)
- Active inventory still low at 6865 listings in July
- The average 30 year fixed rate on a mortgage at 4.05% with .6 points
Overall, our average sale price for the year is up 11.7% compared to 2014, and the average number of properties sold up 4.2% compared to 2014 – which is GREAT considering our inventory has been DOWN 29.6% compared to 2014!
Lori Vialpando Coldwell Banker Residential 303-324-5731 homes@lori-v.com
For a pdf version of the report click here: July 2015
Lori Vialpando's Blog 