Zillow Denver, CO is still showing a large amount of inventory for sale in Denver, CO. Well over 4,300 units listed. The Denver MLS is showing about half that in the actual Denver city that are active listings. It is normal for Zillow to misrepresent data to help manipulate search results and have more properties to have buyers click on to contact agents. So moving further we will not use data obtained from Zillow. The data for this article will come directly from the Denver MLS. Any information coming from an MLS source is always much more accurate and trustworthy than Zillow.
Number of Sales – Entire Denver MLS and Foothills
The Real estate market is showing the normal decrease in the amount of sales as it usually does this time of year. We will see the sales pick up fast very soon. The thing many sellers don’t know is this is a great time of the year to sell your home. If a buyer is out looking for a home this time of year, they are most likely very serious buyers. People have a lot going on this time of year and if they are looking at home right now they are wanting to buy.
Average Days on Market
Average days on market have not really fluctuated much. Denver has less listings but less days on market at the same time. Denver is not showing any signs of a market shift.
Denver is still a very healthy real estate and will be for years to come. Maybe not as crazy as the last few years but it will always be a desirable area.Owner of Orson Hill Realty
The Average Sale Price
The average sale price continues to rise. As the inventory goes down and days on market pick up. Once again we see conflicting data. The list price should be going down not up if we are slipping onto a buyers market. There are indicators showing a possible shift. Although one of the number one indicators (price) continues to rise as if a seller ma
Homes in Denver have appreciated at some of the highest rates in the country. The Denver Foothills are seeing a huge price and value increase. All areas in Denver are building and there are a considerable amount of pressure from the communities to address the issues with infrastructure. That is possibly the biggest issue and challenge with Denver, CO. In its defense it happens anytime an area grows faster than planned. Just all of a sudden between weed, gas and oil and a huge influx of skiing and tourism was a perfect storm of traffic and traffic jams. There is no argument that Denver needs to address the roads and traffic flow from the airport all the way to the mountains.