Real Estate Analysis and Commentary in Littleton

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

Subscribe to this blog
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

Subscribe to this blog
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

Subscribe to this blog
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

Subscribe to this blog