Denver housing market breaks average home sale record — again – Denver Business Journal

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Every record in market speed and competition that was set in May was broken again in June. The typical home that sold in June went under contract in 36 days, one day faster than in May, setting a new.

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The average sales price of a single-family detached home in January was $490,932, almost a 10% increase from a year earlier. january 2018 housing market Report. Condos and other attached homes rose even more. The average sold price of a condo in January was $354,613, a 22.7% increase from a year earlier.

But a faster pace of hiring risks driving up housing. The Denver Post and Denver 7 obtained from the state’s economic development office in an open records request. A fast hiring scenario, while.

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That’s a big deal, considering real estate agent fees average 5% to 6% of the total home sales price, per transaction. Optimism is already running high for the 2018 real estate market.

3. Zillow does not have all the available houses on the market. Search homes for sale & rent in Denver and Colorado does. 4. You select the properties you want to see. Earlier is better. it may take two weeks to a month to get a contract accepted. 5. Plan on 45 days to close. There is nothing typical about this market.

By Kelcey McClung – Reporter, Denver Business Journal Jun 5, 2018, 10:14am Two records were reached once more in the metro housing market in May: highest average price and lowest average days on the market. That’s according to the Denver Metro Association of Realtors market trends report. At $540,624 for a single-family home, the average.

Housing sales slumped 8.5% from one year ago, the lowest sales since 2015. Prices still rose another 2.8% to a median of $247,500 nationwide. The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market.