ππ‘π MAY market stats are in!ππ‘π
From REColorado:
"According to REcolorado MLS data, the Denver Metro housing market has more homes actively available for sale than weβve seen in nearly 5 years. Standing inventory, or the number of homes actively for sale, jumped 65% year-over-year to 9,029 units. This marks a notable milestone, as it signifies a return to pre-pandemic levels of active listings.
The increase in inventory is the result of the influx of new listings outpacing buyer demand. Buyers added 6,779 properties to the market in May, reflecting a 28% increase from last year at this time and an 11% uptick from April 2024. This trend marks the fifth consecutive month of growth for new listings in the Denver Metro area. During the same period, buyer activity remained steady with 4,221 contracts signed in May.
Continue reading....HERE:
https://tinyurl.com/4bfh87hz
Here are averages sales prices for some local cities and towns that may be of interest. A bit of a mixed bag including both π§ π₯ compared to one year ago:
π Arvada: $715K (-1.6%)π§
π Boulder: $1.7M +3.5%π₯
π Broomfield: $782K (-1.7%)π§
π Erie: $853K +8.3%π₯π₯
π Lafayette: $894K (-6.1%)π§
πLongmont: $813K +3%π₯
π Louisville/Superior: $1.115M +13.2% π₯π₯π₯
ββREMEMBER: Real estate is LOCAL. As you can see above, numbers vary greatly from town to town and even by neighborhood! For specific numbers for your neighborhood, do not hesitate to reach out!
