Denver Real Estate Market Update: Summer 2019

Posted on at 10:35 pm by Andrea Webber

It’s hard to believe that this summer is quickly coming to a close. We have hit the 2019 midpoint and good news: the Denver real estate market is still healthy for Denver sellers and offers many buying opportunities for buyers.

LIV Sotheby’s International Realty recently released it reports on the state of the Denver Metro real estate market during the first half of 2019, providing an inside look at the Denver real estate market’s performance. The LIV report, which covers 54 Denver neighborhoods, compares the results of January-June 2019 to the same time frame in 2018.

The report’s findings indicate the Denver real estate market is active, plus there are enhanced opportunities for buyers and sellers to both benefit with increases in average days on market (good news for buyers) and increases in average price (good news for sellers).

Here are a few of the report’s highlights for the Denver real estate market:

  • New listings increased by 6.5%, total dollar volume sold increased by 2.3%.
  • The average price increased by 2.5% from $467,646 to $479,274.
  • The average days on the market increased from 23 days to 29 days.

Since the Denver real estate market remains strong this summer, homebuyers should be prepared to act quickly during their home search since the average days on the market still lingers under 30 days. As always, I always recommend having a seasoned real estate professional help you navigate the process of buying or selling a Denver property.

For more information on Denver real estate market trends, please contact Andrea Webber at 303-475-7057.

Click here to read LIV SIR’s 2019 Mid-Year Micro Market Reports

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