Video: Real Estate Community Tour for 80234 (Denver, CO)
See Real estate community tour for 80234 (Denver, CO)
Welcome to October's Market Update. Let’s take a look at residential real-estate activity in your area during the month of September. The number of active listings was stable from one year earlier, and up 11% from the previous month. These latest figures mean that buyers had a greater selection of homes to choose from compared to the previous month. As you can see, the median listing price for the month was just under 450-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 27%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 290-thousand dollars. The number of units sold increased 56% year-over-year, and increased 39% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.