Denver’s Home Sales Fall As Housing Market Booms
Denver’s housing market was busy early this summer with more home listings and rising home prices.
June numbers showed more than a 5 percent increase in single-family homes and condo listings compared to June 2017.
Despite an increase in inventory, homes have not been selling as quickly as they were a year ago. Home prices have risen fast, which may be contributing to fewer homes sold, according to data from the Metro Association of Realtors.
Denver homes continue to sell for over-list-price with the average single-family home selling for $492,000 in June. On average, homes stay on the market for 19 days.
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