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Summer Market Watch in Colorado

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 !!!!
Titan One Realty Group
Jerid Wempen
1054 S. I-25
Castle Rock, CO 80104
303-856-5788

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