Denver’s Real Estate Market
Due to low inventory of homes to sale, new build inventory, rising interest rate threat, and a huge influx of population growth we have experienced an unprecedented appreciation .
Can it keep going ? Maybe ? We will be living in a new reality coming soon. Homes in the $450,000 or less will still be very much a seller’s market although slowing. The change is in the $500,000 plus range will see more inventory and longer days on the market. The plus side – more homes to choose from. We will see a slowing in appreciation. We are already seeing that this year at +6.7 % for 2017 vs this time last year around 11%.
Our inventory of homes is down 25.8% from a year ago yet rents are higher than ever and depending on who’s stats you believe we are seeing an influx of 60,000 people a year to Colorado.
Call now for your Free Annual Real Estate Analysis !
City Median Sold $$ DOM % Change
Denver $420,000 22 +8.5%
Highlands Ranch $464,250 20 +6.7%
JeffCO $425,000 25 +6.6%
Littleton $427,500 22 +5.6%
Parker $ 467,000 29 +6.6%
Castle Rock $ 450,000 36 +8.2%
These are just of our specialty areas. Need to speak about long term plans or legacy planning, Call US !
Denver is still one of the best overall markets in the nation but is still dynamic and can be expected to variate from our past 36 months of constant growth in app high appreciation and numbers sold. We thank you for your business and referrals but most of all for being part of our Dunning Group Family.
Call Now For Your Specific property Analysis ! 303-904-2450 – The Dunning Group
5 Year 5280 Magazine Award Winners, 65 years of professional full time experience dedicated to & for your best results!