April 2016, the highest average sale price in Denver we have seen at $408,000 – BUT we are also seeing inventory increase slightly.
Here’s a snapshot of what April brought to the real estate market in Denver:
- The average (including million dollar properties AND condos) days on market was 26 days
- The average sales price in Denver went up to $408,000 ($389k previous month, $363k last year same time)
- The total number of properties sold was 3929 (down from 4436 same time last year)
- Active inventory still low at 4529 listings YAY, this is finally UP!
- The average 30 year fixed rate on a mortgage at 3.71% with .5 points
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: April 2016
Lori Vialpando's Blog 