What does this mean if you are a buyer?
Although New Listings were down by 6%, there were still slightly more homes on the market than in August. While there may be less inventory, this is a good time of year to buy now that the summer’s home-buying frenzy has slowed down a bit.
What does this mean if you are a seller?
While some buyers might put their home shopping on hold this fall, the extremely limited inventory from this summer ensures there will still be many buyers who want to take advantage of the next few less competitive months. With fewer new listings on the market, your home is sure to stand out!
The Average Closed Price for a home in the Denver Metro area was $618,367, 15% higher than September 2020! After two consecutive months of decreases, prices saw a slight month-over-month increase, up less than one percent.
Single-Family Residences sold for an average of $689,216 and Multi-Family/Condos/Townhomes sold for an average of $443,228, which are both up 15% from September 2020.
Compared to September 2016, the average home price has increased by 56%!