Denver Metro Monthly Market Update

I hope that this autumn season is treating you and yours well.

Whether you’re buying, selling, or happily settled in, fall is a fantastic time of year to consider curb appeal. Taking the shears to that overgrown tree or placing some simple seasonal decor on the porch can make the changing weather a little more enjoyable for you and those around you.

Speaking of change, the market eased up on the gas pedal slightly during the second half of summer, but it’s beginning to slowly climb back to a cruising speed again. To sum up the numbers last month, although new listings were slightly up from August, they were down 4% year over year in September. Closings were up over 3%. And it may not come as a surprise that the average sales price (including houses and condos) was 15% higher than last September, coming in at $618,293.

Even with inventory more sparse than what buyers would prefer, the prediction is that the Denver metro and surrounding areas could see a slight rise or leveling off in new listings as the holidays approach. This fall market is an excellent time to list as demand isn’t going anywhere. And if you’re considering buying as interest rates begin to show signs of increasing again, now is a great time to connect and talk about options.

Reach out to me anytime, and have a wonderful last week of October!