Denver County Real Estate update
March 2019
Year TO DAte March 2019
New Listings
2018
2019
Change
Sold Listings
2018
2019
Change
median sold price
2018
2019
Change
average days on market
2018
2019
Change
Year over yearMarch 2018 / 2019
New Listings
2018
2019
Change
Sold Listings
2018
2019
Change
median sold price
2018
2019
Change
average days on market
2018
2019
Change
Sean's take on theMarch 2019 report
The bottom line is the Denver real estate market is still strong. Are we down 1.4% on the median sold price this year? Yes, but we have run up so much in the last 6-7 years that we need to expect a breather at some point. I expected that we would be down a bit more, but I have no issue with this number.
Denver, along with the majority of the country stalled around the end of the 3rd quarter, 4th quarter of 2018 and much of the 1st quarter in 2019. Interest rates flirted with and then hit 5+%. I believe this slowed the market as buyers revolted against this number.
As interest rates are easing back into the lower 4%’s, I really thing the market is poised to stay solid. The numbers in the ensuing months will hopefully confirm my thoughts.
New listings are up 10% year over year, but sold listing are down 6.6%. I believe that this is due to the interest rates. We shall see.
Thanks for viewing my blog post. If you have any questions regarding buying or selling, call me at 303.520.8700 and I will do everything I can to get you the answers you are looking for.
The numbers provided above are from RECOLORADO. They provide real estate agents in the metro Denver area the Matrix MLS. I can’t confirm that these numbers are 100% correct, but they are the best source of information regarding real estate.
Hey there would you mind sharing which blog platform you’re working with?
I’m going to start my own blog in the near future but I’m having a tough
time making a decision between BlogEngine/Wordpress/B2evolution and Drupal.
The reason I ask is because your design and style seems different then most
blogs and I’m looking for something completely unique.
P.S Sorry for being off-topic but I had to ask!
Hi,
Wordpress
Elementor & Elementor Pro
Astra & Astra Pro
Jet Blog (From Crocoblock)
A few other things, but that is pretty much what I use on the blog.
Hope it helps.
Thanks.
Sean