The Denver residential real estate market is still solid despite the 1.8% decline in the year over year median sales price.  Summer is just around the corner so we shall see if this is a blip on the radar, or a foreshadowing of what’s to come.  Personally, I think it is a blip on the radar.

We saw Denver County and all of the surrounding Metro Denver communities falter back in the 4th and early 1st quarters.  This was due to the market flirting with 5% interest rates.  Now that we have seemingly stabilized back into the low 4.0%’s, I believe that will set the county up well for the 2nd & 3rd quarters. 

New listings are up 9.4% year over year.  Sold Listings were down 6.6% last month, but have fought back and are now only down 3.6% versus last year. 

As long as interest rates remain stable, it should be a good summer buying / selling season.

Thanks for viewing my blog post.  If you have any questions regarding buying or selling, call me at 303.520.8700.