Sellers Needed: February 2021 Denver Residential Real Estate Market Update

SELLERS NEEDED!

We are currently experiencing the lowest levels of inventory in recent Denver history in conjunction with extremely strong buyer demand that is fueled by record low interest rates. We currently have just one-third of the houses for sale that we had at the same time last year. We are seeing multiple offer situations in nearly all but the highest price points, with many homes selling for above the asking price.

Here are some additional quick stats as of the end of January 2021:

• The average detached single family sale price was UP 18.9% from the same time last year to $713,458.00.
• Median days in MLS (Days On Market) for detached single family homes was DOWN to only 5 days.
• The number of active detached single family home listings in January 2021 was 1127, meaning inventory is DOWN 70% from the same time last year.

The market conditions are extremely favorable for sellers.  If you or anybody you know has been thinking about selling, now could be the PERFECT time, and our award-winning team is ready to help! Contact us today to get the ball rolling on your home sale and search to find a replacement home.