There are no signs that the Denver real estate market is cooling. In fact, it’s picking up momentum as we head into the slower months of the year. Sales volume is up, inventory is down, and the result is a 21% increase in the median sales price from October 2019 and a 5.6% increase from September. The biggest news to talk about is the 11.8% increase in median sale price for attached single family properties. In fact, it set a new attached record at $436,000, and it’s only the second time the attached MSP has been above the $400k threshold. It seems that buyer confidence is reducing the gap between attached and detached homes.
Want more detailed information about the market in your neighborhood? Please reach out!