2016 is off to a great start, all categories up over January 2015 – and buyers are feeling it out there! If you are a buyer in this market, stand strong and remain resilient!
Here’s a snapshot of what the January brought to the real estate market in Denver:
- The average (including million dollar properties AND condos) days on market was 33 days
- The average sales price in Denver went up to $373,000 ($373k previous month, $332k last year same time)
- The total number of properties sold was 2745 (up from 2409 same time last year)
- Active inventory still low at 3780 listings
- The average 30 year fixed rate on a mortgage at 3.76% with .6 points
We are beginning the 2016 year with limited inventory. If you are interested in selling, it is a hot market right now! There are ways around to getting into your new home, it just takes a experienced agent. Contact me today!
Lori Vialpando Coldwell Banker Residential 303-324-5731 homes@lori-v.com #DenverRealtorRuns
For a pdf version of the report click here: Jan 2016
Lori Vialpando's Blog 