Denver Metro Monthly Market Update – September 2019 – Denver Real Estate
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Denver Metro Monthly Market Update – September 2019 – Denver Real Estate


In this video we’re gonna go over the
top three stats you need to know that are going to affect your home values here in
the Denver Metro area. It’s time for our monthly market report for September 2019. I’m up here in Haystack Plateau
Park, we’re in the Candelas development
in West Arvada. I’ve got Wyatt over here helping me out today.
Say hi Wyatt! the
first stat we’re going to talk about today is number of homes sold for August
2019. For the metro area we had 5,540 homes sold.
That is a decrease of two percent from last year at this time which was five
thousand six hundred sixty three homes month-over-month it was a decrease of
three percent second stat to know is weeks of
inventory we have been stable at seven weeks of inventory for quite a while now
last month was seven weeks as well and last year at this time was seven weeks
as well so we’re still seeing a very very strong seller’s market here in the Denver metro area the
average soul price is four hundred eighty seven thousand dollars that is
actually a three percent increase from last year at this time which was about
four seventy two however that is still down from our peak this season which was
back in May of five hundred three thousand dollars so we tapped over five
hundred thousand average price in the Denver metro area this year but we’re
down three point two percent from that so it’s a pretty standard seasonal
slowdown our average days on market is 39 days hi
Wyatt come here come over on this wave say hi our average days on market so her
have rich days on market was 39 days which is an increase from last year
which was 34 days and an increase from last month which was 30 days so
definitely buyers have more time to go out there and look at those homes and
have more homes to go choose from we’re still in a strong seller’s market but
things are becoming slightly easier for buyers
now one other little bonus stat is that the average list sale price has actually
gone below 100 percent for the last several years it’s been over a hundred
percent and we just out dipped under that 100 percent mark so things are
getting a little bit easier on the buy side which a lot of people are gonna
appreciate here in the Denver metro mark thank you so much for watching this
monthly market update please consider subscribing to get more videos and more
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