July started off with just over 1700 active listings, quite a bit up compared to the last month. Inventory of listings continues to increase throughout the month and we are currently at 1800+ residential real estate listings in Denver.
Average price per square foot for a residence in Denver is currently at $268 p/sqft. Current supply of inventory is at 1.55 month of inventory, up from last month.
1405 listings have sold in the month of June, flat from previous month and down year-over-year. Average listing price for properties sold in June was at $444,746 and average sold price was at $445,470. Denver home prices continue to rise.
Number of average days on the market in the month of June was at 31 days, down from the previous month and up quite a bit year-over-year (24 days on the market in June 2015).
View the detailed statistics report – Denver Market Update July 2016.
Read more about Denver real estate market in the news:
Realtor.com posted – America’s 20 Hottest Real Estate Markets for July 2016
Are you are interested in scheduling a viewing of a Denver area home listed for sale or to learn more about real estate in Central Denver? If so, contact Lana Cordier Shelton and Andy Moore at 303-513-7035. Lana and Andy are professional REALTOR®s and RE/MAX Uptown agents who specialize in Central Denver real estate.