Real Estate Analysis and Commentary in Littleton

November 19th, 2021 2:02 PM
September remained a strong month for residential sellers with low inventory remaining at the end of August. Closed sales were down 12% lower than last month  (19% since last year). The average close price increased slightly from last month, while the average closed price was still 15% higher than September 2020. Active listings at month's end in September are 10% higher than last month.



Posted by Michael Manley on November 19th, 2021 2:02 PMLeave a Comment

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September 20th, 2021 11:22 AM
 Moving into Fall, the Denver Metro area residential home sales in August decreased 5% from the previous month and are down 11% from this time last year. While the average closed price of residential homes decreased 1% in August, the average closed price is up 14% from last August. The end of August saw the count of active listings 3,475,40% lower than last year and 18% lower than the month prior. 







Posted by Michael Manley on September 20th, 2021 11:22 AMLeave a Comment

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August 16th, 2021 12:55 PM
Strong demand and low inventory continued the seller's market in the Denver Metro area for July, with average home prices on the rise. The market reported an increased inventory of 29.92 percent, while it also represented a decrease in closings of 12.30 percent compared to the previous month, indicating a supply increase and demand decrease.  Although there remains a relative lack of inventory, buyer's may experience a return to more normal expectations as we head into Fall.




*This data was gathered from RE Colorado and the Denver Metro Association of Realtors

Posted by Michael Manley on August 16th, 2021 12:55 PMLeave a Comment

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July 12th, 2021 1:17 PM
Strong demand from buyers continues in the Denver metro area housing market, with nearly 6,500 homes closing in the month of June. The month ended with slightly more homes in Pending status compared to May. The average price of a home reached another all-time high at $642,167. Single family homes saw an average closed price over $725,000, up 30% from this time last year. Sellers added 7,671 New Listings to the market in June, but high demand from buyers left only 2 weeks of inventory at the end of the month.




*This data was gathered from RE Colorado and the Denver Metro Association of Realtors

Posted by Michael Manley on July 12th, 2021 1:17 PMLeave a Comment

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June 16th, 2021 11:02 AM
The Denver metro area housing market remained steady in May with the number of closed homes and average closed prices staying consistent compared to last month. Throughout the month 3,848 single-family residences sold for an average price of $697,368, with more listings in Pending status than any other May on record. Meanwhile, the number of new listings was lower than we’ve seen in any other May since 2012, leaving only two weeks of inventory at the end of the month. The housing market remains competitive for buyers, with single-family residences on the market for an average of only 8 days.




*This data was gathered from RE Colorado and the Denver Metro Association of Realtors

Posted by Michael Manley on June 16th, 2021 11:02 AMLeave a Comment

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May 14th, 2021 1:22 PM
The 2021 selling and buying season is off to a very active start in the Denver Metro area. Fueled by strong demand and low inventory, the Average Closed Price for homes is at an all-time high. Sellers have picked up the pace, bringing more homes to the market for buyers. Still, inventory levels remain very low with homes spending a median of only four days on the market. The housing market across Colorado showed incredible year-over-year growth. This time last year, home buyers and sellers were adapting to strict physical-distancing measures to slow the spread of the coronavirus, which greatly impacted the housing market. 

*This data was gathered from RE Colorado and the Denver Metro Association of Realtors (DMAR)








Posted by Michael Manley on May 14th, 2021 1:22 PMLeave a Comment

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April 12th, 2021 11:23 AM
Demand remains strong across the Denver Metro Area this March with more homes closed than any other March on record. The number of New Listings picked up from last month, with sellers are bringing more homes for sale to the Denver Metro market, but inventory remains scare. March ended with only one week of inventory and fewer than 2,000 Active listings. Throughout the month, we saw 5,169 closings and 5,783 contracts written on listings. Strong demand pushed home prices higher once again, with the average price of a single-family home up 15% from last year to $588,009.


Posted by Michael Manley on April 12th, 2021 11:23 AMLeave a Comment

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