Denver Housing Supply 5 Times Less Than National Average

Dated: 06/06/2015

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May 2015 registered 7,054 new listings - mostly unchanged from the previous month, but 4 percent less than May 2014. As Denver-area's housing inventory was replenished by an abundance of new properties, 5,877 homes were placed under contract and 4,913 sold and closed. The month of May ended with 5,657 active listings - which is 13 percent more than the previous month, but still 24 percent less year over year.

Active Inventory - 5657  up 12.58%

Sold homes  4913   up 3.8%
Average Price   $376,548   up 4.12%
Median sold  $325,000  up 2.85%

Interest rates remain low with news they will remain through Summer with expectations of them going up in September.

If you would like to have a market analysis on your home, feel free to contact me.

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LaDawn Westbrook

With more than a decade of experience, LaDawn enjoys educating first time home buyers, working with the 55+ community, relocation clients, sellers who want to downsize, step up purchase or anything in....

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