<< back to all

Denver Home Prices Hold Steady, Inventory Significantly Increases

It is no secret that the Denver housing market is booming.  But what does that mean?  The simple explanation is that properties are being bought and sold in significant numbers in a short time frame.  Increasing the inventory in the Denver Metro area, or the number of properties for sale, helps to balance the local housing market between sellers and buyers.  Though the demand for properties is still high in the area, the inventory or supply has increased significantly over the last year.  The median price for a residential property was $420,000 in April which is practically unchanged from April 2018, according to the Denver Metro Association of Realtors.  The good news for potential home buyers is that the number of properties to choose from has risen significantly over the last year.  April 2019 ended with 7,012 active listings, which is a 36 percent increase from 2018.  So the median price of residential property is staying the same while the number of properties has increased by 36 percent.  Denver is still very much a seller's market, according to DMAR Market Trends Committee chair and Denver-area Realtor Jill Schafer.  "Overall there is only 1.5 months of single-family housing inventory and 1.49 months of condo inventory,” Schafer said. “That is much lower than the five to six months of inventory needed to equalize the market between buyers and sellers."  Another statistic worth noting is that houses stayed on the market longer in April 2019 (median of 12 days) than in April of 2018 (median of 6 days).  So houses are remaining around the same price, the inventory is increasing, and the houses are staying on the market for a longer period of time.  The Denver housing market shows no signs of slowing, so whether you are a buyer or seller, we suggest starting the process sooner rather than later.

Source: By Dillon Landfried - May 8, 2019

Recent Posts

5 Ideas to Help Build Interest in Your Business During COVID-19

February 2020 Market Snapshot

7 Tax Benefits for Homeowners

A Step by Step Guide of the Mortgage Process

The Right Trees make Good Neighbors in Denver

January 2020 Market Snapshot

The Power of Staging

December 2019 Market Snapshot

6 Hacks to Easily Improve Your Credit Score

10 Fun Facts About Christmas

Team Vivi 2019 A Year In Review

November 2019 Market Snapshot

The History of Thanksgiving

Simple Checklist to Prepare Your Home for Winter

October Market Snapshot

The History of Day Light Saving Time

Colorado Traction Laws Change This Season

Market Snapshot

The Origins of Halloween

3 Really Cool Halloween Events for Kids in Denver

5 Hacks to Reduce Stress

The Pros and Cons if HOA's

5 DIY Projects That Add Value to Your Home

The History of Friday the 13th

Home Security & Smart Devices

Team Vivi's 3 Favorite Neighborhoods in Denver

4 DIA Conspiracy Theories

Simple Hacks For Winterizing Your Home

Marketplace Health Care Premiums to Lower by 18% in Colorado Next Year

DIA Great Hall Contractor Issued 2 Breach of Contract Notices

Watch The Broncos Practice, For FREE

The Science Behind Self Motivation

5 Interior Design Tips for Your Home

To Video or Not to Video

U.S. Migration: Where is Everyone Going?

Yes or No on Question 200?

The History of Father's Day

6 Low Cost and FREE Summer Programs For Kids in the Denver Area

Successful Thinking

4 Simple Tips For Creating Your Perfect Backyard

10 Colorado Programs For "First Time Home Buyers"

Denver Home Prices Hold Steady, Inventory Significantly Increases

7 Tips for Selecting the Right Real Estate Agent

6 Ways to Make Your Home Greener!

Alert! New LOWER Mortgage Rates!

13 Mistakes to Avoid with Real Estate Listing Photos

13 Things Mentally Strong People Don’t Do

Buy vs. Rent

Support Local Lemonade Stands

Are you ready to move?

The Listing Process

The Buying Process

Airbnb: A Great Way to Earn a Supplemental Income in Colorado!

Housing Market in Denver in 2019

5 Quick and Easy Tips to Help You Clean Your Home

5 Remodeling Tips for Small Budgets

Ski for Free!!

5 New Skyscrapers in Construction in Denver

The Perfect Morning Routine for Successful People

4 Smart Home Devices

5 Reasons to Buy A Home This Winter

8 Backyard Ideas for Dog Owners

First Time Home Buyers: How are the Millennials Doing?

Is Colorado Heading for a Recession?

Social Media Marketing for Real Estate: 5 Tips

What Are the Prices of Denver's Neighborhoods?

Why Top Firms are Boosting their Denver Presence? Find the Greatest Job in Colorado!

Christmas in Colorado's Mountains!

Mortgage Rates

What Happens When You Overprice Your Home?

Should I Buy a House Now?

The Team Concept - Why is it better for you?

9 Seller Tips

9 Buyer Tips

It's Still a Great Time to Buy a Home in Colorado!

Breckenridge and Keystone Opens Early for the 2018-19 Winter Season

Why the Real Estate market will remain strong

Denvernomics October 2018

Electronics Recycling Collection Event

Home buyers: Denver is one of the best markets!

What options are available for financing your home purchase?

10/18/17 – Weekly Denver Real Estate Update with Team Vivi

Denver’s Apartment-Building Boom Gives Renters a Break

9/20/17 – Weekly Denver Real Estate Update with Team Vivi

9/13/17 – Weekly Denver Real Estate Update with Team Vivi

9/6/17 – Weekly Denver Real Estate Update with Team Vivi

20 Tips for Preparing Your House for Sale (INFOGRAPHIC)

Why mortgages, other interest rates could go up faster than you think…

All this talk about a bubble, but…

U.S. home-price appreciation continues to advance

Denver Metro Area’s Top 100 residential real estate agents!