September’s Denver Real Estate Market
A Shift In the Right Direction!
When school went back into session, so did our market! We had a boost in listings last month, much to the delight of buyers who’ve been on the hunt. That shift eased the competition a little bit (stats provided by DMAR):
- 11% more homes on the market than in August
- Homes took 18% more time to go under contract in September
- Average sales price remained steady
Yes, sellers, it is still a “scorching” market. With less inventory, the demand remains high. Now is still an excellent time to strategize your home sale.
Buyers, the odds of purchasing are still a little more in your favor than they were a few months ago. And as we approach winter, there’s likely to be even less competition.
Please reach out with any real estate questions:
720-738-1080
michelle.oddo@goluminate.com
#oddogroup
Sources: Denver Metro Realtor Association and Megan Aller with First American Title