From REColorado: "Lower interest rates and a dip in home prices have inspired buyers to re-enter the Denver Metro housing market. According to REcolorado’s September data, 3,805 home contracts were executed, marking a 28% increase from the same time last year and a 5% rise compared to August. The motivation comes as potential buyers found a broader selection of homes available, with inventory levels not seen in a decade. Sellers contributed to already high inventory levels by adding 5,029 new listings to the market in September—10% more than last year—though slightly fewer than in August.
Keep in mind that real estate is LOCAL. What's happening across the MLS is VERY different than stats specific to your town and even your neighborhood.
Here are median sales prices for some local cities and towns that may be of interest. Lots of negative #s.
📉 Arvada: $630K (-10.3%)💧💧
📉 Boulder: $1.155 (-7.2%)💧
📉 Broomfield: $685K (-6.5%)💧
📈 Erie: $812K +8.3%🔥
📉 Lafayette: $775K (-7.7%)💧
📈 Longmont: $618 +1.2%🔥
📉 Louisville: $780K (-6.6%)💧
For specific numbers for your neighborhood, do not hesitate to reach out! - Sally (303) 475-4508
