Thursday, July 18, 2019 / by Mario Bucci
Summer Market Watch in Colorado
June 2018 vs. June 2019
So is it finally the time of the buyers again?
This year of 2019 we have really seen a shift in the market,
however subtle, we are doing away with bid wars
as well as an evening out of inflated housing prices.
New Listings
A steady rise in new listings is still being seen
7,460 has now become 7,565 for a 1.4% increase.
Home Sales
There was an 8% decrease in home sales (6,110 vs. 5,635)
Under Contract
There are 673 more listings under contract than last year,
Which could explain the 8% decrease in home sales.
Through the summer we will most likely see an equilibrium on this.
Average Sale Price
We do still see a 2% rise in median single family home price,
we can expect to continue to see an appreciation
throughout the rest of the season.
Average Days on Market
A slight change, we only saw a 1 Day increase,
32 days, as opposed to 31 the previous year.
*For the short clip on this, click here*
DO NOT go blind into the market, I am here FOR YOU, LET ME make this E A S Y !!!!
So is it finally the time of the buyers again?
This year of 2019 we have really seen a shift in the market,
however subtle, we are doing away with bid wars
as well as an evening out of inflated housing prices.
New Listings
A steady rise in new listings is still being seen
7,460 has now become 7,565 for a 1.4% increase.
Home Sales
There was an 8% decrease in home sales (6,110 vs. 5,635)
Under Contract
There are 673 more listings under contract than last year,
Which could explain the 8% decrease in home sales.
Through the summer we will most likely see an equilibrium on this.
Average Sale Price
We do still see a 2% rise in median single family home price,
we can expect to continue to see an appreciation
throughout the rest of the season.
Average Days on Market
A slight change, we only saw a 1 Day increase,
32 days, as opposed to 31 the previous year.
*For the short clip on this, click here*
DO NOT go blind into the market, I am here FOR YOU, LET ME make this E A S Y !!!!