Signs of Spring in the February 2017 Real Estate Statistics
These February 2017 Real Estate Statistics show signs of another busy spring real estate market with home prices and the number of listings rising over previous months. The number of houses sold was down slightly by 1.81%, but the number of new listings rose substantially, for the second consecutive month, jumping 15.56 %. Sellers are enjoying a large increase in the price per square foot, rising for the third straight month, up 26.28%. This has also meant the medium sales price for homes has risen as well. This is not surprising, considering Denver continues to be a desirable city to live.
Average 30-year fixed mortgage rates continue to rise with the largest increase we’ve seen in months, .15 points. Although there continued to be more homes to choose from, the average days for those homes to be on market dropped 3.o4% from January. The market is definitely showing signs of growth as we head into Spring.