Days on Market (median): 8 days
Months of Housing Inventory (Single Family): 2 days
Number of New Listings: 4,503
Sale Price (median): $461,000
Mortgage rates: 10 year and 12 month: 30 yr - 3.81%, 15 yr - 3.23%, and 5/1 fixed - 3.48%.
Denver Area Unemployment Rate: 2.4%
Days on Market (median): 7
Months of Housing Inventory (Single Family): 1
Number of New Listings: 5,446
Sale Price (median): $465K
Mortgage rates: 3.82% (30 yr FRM)
Denver Area Unemployment Rate: 2.7%
Cumulative Days on Market (median): 7 days (MoM: -28.57%, YoY: 28.57%)
Months of Housing Inventory (single family): 1 month (MoM: 0%, YoY: 0%)
Number of New Listings: 4,661 homes (MoM: 22.21%, YoY: 8.05%)
Sale Price (median): $451,500 (MoM: 2.33%, YoY: 0.11%)
Mortgage Rate:30 yr FRM: 4.2%, 15 yr FRM: 3.64%, 5/1 yr ARM: 3.77%
You can watch my detailed commentary in the video.
We are seeing some strong indicators that this summer will be a fantastic Denver real estate market for BOTH buyers and sellers. Among the positive trending are a 1 month housing inventory, increase of median sales price, and a drop in mortgage rates.
Topics covered:
-Days on Market (median)
-Months of Housing Inventory (Single Family)
-Number of New Listings
-Sale Price (median)
-Mortgage rates: 10 year and 12 month
-Denver Area Unemployment Rate
Topics covered:
Days on Market (median)
Months of Housing Inventory (Single Family)
Number of New Listings
Sale Price (median)
Mortgage rates: 1971-Present and 2009-2019
Topics covered:
Days on Market (median)
Months of Housing Inventory (Single Family)
Number of New Listings
Sale Price (median)
Annual Median Sale Price YoY
#Denver #RealEstate #MarketUpdate
Facebook: https://www.facebook.com/seanmitchellrealestate
Instagram: https://www.instagram.com/seanmichaelmitchell/
Twitter: https://twitter.com/seanmmitchell
Will we see a market correction in 2019?
Days on Market (median)
Months of Housing Inventory (Single Family)
Number of New Listings
Sale Price
2019: What to Expect
Denver Real Estate Market Update - December 2018
Topics covered:
-Days on Market (median)
-Months of Housing Inventory (Single Family)
-Number of New Listings
-Sale Price (median)
-3 Tips for Buying a House With Existing Solar
Correction: Number of new listings YoY change is 4.87% increase, not 46.47% decrease.
Facebook: https://www.facebook.com/seanmitchellrealestate
Instagram: https://www.instagram.com/seanmichaelmitchell/
Twitter: https://twitter.com/seanmmitchell
YouTube: https://www.youtube.com/channel/UCCSd81ZBdB6UxjFhMXufO3A
Topics covered:
-Denver’s RE Market Shifting?
-Days on Market (median)
-Months of Housing Inventory (Single Family)
-Number of New Listings
-Sale Price (median)
-How oil/gas wells impact real estate prices
#Denver #RealEstate #MarketUpdate
Facebook: https://www.facebook.com/seanmitchellrealestate
Instagram: https://www.instagram.com/seanmichaelmitchell/
Twitter: https://twitter.com/seanmmitchell
Topics covered:
Days on Market (median)
Months of Housing Inventory (Single Family)
Number of New Listings
Sale Price (median)
Most affordable areas of central Denver (single family)
Instagram: https://www.instagram.com/seanmichaelmitchell/
Twitter: https://twitter.com/seanmmitchell
Website: seanmmitchell.com
I have a lot of real estate friends in my professional network across the country saying the market is slowing down. Do I believe it?
Watch the video to to find out as I cover four data points:
1) Days on market
2) Housing inventory
3) Number of new listings
4) Median sale price
June 2018 Denver metro real estate market update: Will be talking about the data behind the most recent Denver metro market update, comparing that with what I'm seeing with my clients, and taking your questions live.
Denver metro 5 minute real estate market update for April 2018. Summary: All data points are up except current days on market. Detailed stats: https://www.dmarealtors.com/sites/default/files/content/dmar_markettrendsreport_april2018.pdf.
March 2018 5 minute Denver real estate market update: 1) Average home sales cross over $500K for first time, 2) What price points have the most inventory, and 3) A 13% increase in homes under contract. View the numbers in a nicely put together infographic here: https://cdn.recolorado.com/files/market-watch/February-2018-REcolorado-Market-Watch.pdf.
