A Look Back At The Denver Market in 2017

The Denver Metro Real Estate Statistics 2017 show a very similar market to what we saw in 2016. High demand for homes sent home values up to a median sales price of $374,000. A continued rise in interest rates may have influenced more people to buy homes, but with limited inventory the number of sold homes only rose by 1.6%. The average number of days listings remained on the market remained the same as in 2016, only 24 days, As interest rates continue to rise, and demand remains high, 2018 will likely be another competitive year for buyers. This is likely to remain the same until builders can supply more inventory for the bulk of buyers who are looking for homes under $400k.