Want to guess how many houses were for sale in the 7 county Denver metro area in September? (Scroll down – we will wait while you formulate your guess…)
There were 7865 available homes for sale at the end of September! Throughout the month, 5483 homes came onto the market and 3776 homes went under contract. The final number of homes that closed in the month of September was 3921 at a median sold price of $398,950 and an average sold price of $451,525 resulting in a closed dollar volume of $1.77 billion.
The Metro Denver home market is moving closer to become a Buyer’s market. The number of active listings has increased, the number of homes sold has decreased, the average and median sold price has decreased, buyer demand remains high, and mortgage interest rates are increasing. Overall, the Metro Denver Home Market continues to be a prime market and Buyers will continue to buy homes prior to the holidays. As always, Be Prepared and call us to find your dream home.
At R&R, we will work diligently to find you the right property and to help you through the each step of the process!