Zillow Denver – Market update and statistics

Denver Denver CO Real Estate US News

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

Dec 20184,710
Jan 20193,654
Feb 20194,303
Mar 20195,568
Apr 20196,294
May 20197,479
Jun 20197,159
Jul 20197,264
Aug 20197,076
Sep 20196,225
Oct 20196,350
Nov 20193,533

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

Dec 201857
Jan 201956
Feb 201952
Mar 201951
Apr 201944
May 201939
Jun 201935
Jul 201934
Aug 201942
Sep 201943
Oct 201943
Nov 201948

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

Dec 2018$452,608
Jan 2019$448,202
Feb 2019$453,346
Mar 2019$466,606
Apr 2019$483,836
May 2019$489,979
Jun 2019$487,606
Jul 2019$481,483
Aug 2019$477,064
Sep 2019$471,999
Oct 2019$473,005
Nov 2019$491,449

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.

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About the author: Real Estate Agent
I am the owner and employing broker at a real estate company located in Colorado. I was asked to be a guest blogger on Politically Social due to my work experience as a small business owner, a day trader and the owner of a real estate brokerage firm. I have spent most of my adult life as a person in tuned with the business world and studying the economy.
Real Estate Agent avatar
Real Estate Agent

I am the owner and employing broker at a real estate company located in Colorado. I was asked to be a guest blogger on Politically Social due to my work experience as a small business owner, a day trader and the owner of a real estate brokerage firm. I have spent most of my adult life as a person in tuned with the business world and studying the economy.

https://orsonhillrealty.com