Denver Real Estate Market Update October 2020 - Team Koz Michael Kozlowski
As we move into the fall months we are seeing a Real Estate Market newly discovered and truly never seen before! Numbers at a glance start with our lack of Inventory that is down 43% from this time last year!!
- Active Listings at month end were 5,301 which is 43% less than September 2019!
- New Listings were 6,456 down 4.3% from September 2019!
- Pending homes were at 6,376 which is 26% ahead of September 2019!
- Sold Homes were 5,850 and that is 16.5% more than September 2019!
The Market is full of demand from Buyers, and as you can see New Listings are happening so it’s mostly the demand driving this robust recovery!
The Average Price of a Single Family Home is up 12% from September 2019!
The Market is moving differently in certain parts of town, but much of the Buyer demand has been moving in the suburbs, Douglas County, the Foothills and the Luxury Market! Low Interest rates continue to help drive the demand!
Please let me know if you have any questions or would like any more specific information, feel free to forward our market update to everyone you know and spread the word that real estate is open for business!