The number of homes for sale is starting to decline as we head into the winter months. Historically we see the biggest drop in homes for sale between October and November. If you are thinking about buying a home in 2017 September and October will give you the most options to choose from.
The average time a house is for sale before accepting an offer is currently 27 days. We are past the busy season of 2017 and seller’s are more willing to negotiate with buyers.
On average homes were selling over the asking price from March to July. Right now the average sales price is 99.5% of the asking price.
Over the last five years home values have appreciated very close to 9% each year. The average price of a home in Denver Metro is $425,298. I expect this trent to continue through 2019.
Denver has been popular in the headlines recently with talk of a new Amazon fulfillment location and a future hyperloop.
There are several new home communities throughout the metro area. NewHomesdirectory.com is the best resource to find these communities. If you have any questions about building a new home, give me a call at 303-501-2810.