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Dream Real Estate, making home ownership a dream come true in Colorado!
Providing Comprehensive Real Estate Services to Home Buyers and Sellers for over 22 years!
DMAR's September Market Trends Report
Strongest Recorded Home Seller’s Market in Denver is Shifting
Housing inventory in the residential market hit a four-year high year to date in August with a total of 8,228 homes on the market, up 11.79 percent from last year.
"Over the past four years, we’ve experienced the strongest sellers’ market in recorded history," said Steve Danyliw, Chairman of the DMAR Market Trends Committee and Metro Denver REALTOR®. "This past month, we saw available homes for sale increase to the highest level in four years giving buyers more homes to choose from."
While conditions continue to favor the seller, subtle shifts in the metro-Denver real estate market signal a slowdown in the rate of price growth and an increase in days on market, according to Danyliw.
He adds, "Even though buyers have something to smile about, market conditions still favor the home seller and the next few months should see increased activity as buyers try to find a home for the holidays."
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