The market through July continues to Wow us all! 

The Hot Temps for the month of August have translated into a Hot Real Estate Market!  This has possibly been the most active and productive August in recent history in the Denver Market!  By the numbers, we saw 5,959 homes/townhomes and condos Closed, which is up 4.2% vs 2019!  The big story again is the Average Price in August!  Single Family Homes Closed at an average price of $606,330 which is up 13.8% vs August 2019!  Condos and Townhomes Closed at an average price of $377,664 which is up a more normal 1.65% vs August 2019!  This confirms the general trend of Buyers flocking to Single Family Homes and out of multi-family units due to seeking distance from neighbors during COVID-19! 

To give a yearly update and some perspective, we have seen 39,078 Residential Closings YTD through August 2020.  We saw 39,836 Closings in the same time frame for 2019!  The Bottom Line is the Market has almost caught up with last year for Total Activity, and will probably exceed 2019 by the end of September! 

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