What a record-breaking month for our metro area. By the end of last month, we had the lowest amount of listings on the market for any September. Homes were moving fast…averaging just six days before sellers had made official deals with buyers (the shortest days-on-market average for a September).
But what grew were the number of transactions! Wow…more sellers and buyers went under contract or closed deals than almost ever before!
With a total sales volume of $3.15 billion, September of 2020, holds the third-largest amount of business done for any month in our real estate history.
So it’s not a surprise, sales prices for both single-family and condo homes reached record-breaking highs: $510,000 for detached and $334,752 for attached properties.
While it is a tough market, buyers, you shouldn’t miss the opportunity to take advantage of our rock-bottom interest rates. Getting preapproved for a loan will help you discover how much home you can afford (and we bet it’ll surprise you). With our customized strategy for your needs, together, we’ll navigate this market until you find the right home.
There’s still time to move before the holidays arrive.
Contact us at 720-738-1080 or michelle.oddo@goluminate.com.
Sources: Denver Metro Realtor Association and Megan Aller with First American Title