2019 Highlights of Denver Metro Housing Stats
February 28, 2019
Only two months into the new year, and experts are weighing in on 2019 housing market predictions; rather than the new tax law causing a slowdown, things like rising mortgage rates and home prices are putting more of a damper on the market. Other housing market factors on everyone’s mind include homebuyer pessimism, a recession, and pending home sales during the government shutdown. However, NAR reports that the American dream of homeownership is still alive, U.S. homeownership is rising despite increasing financing costs, and there is a way to navigate the data on Millennial debt and homeownership figures.
Stats
January 2019 Market Report – Metro Denver
infographic – Denver_2019.01
Highlights for January 2019 | Full Report
Single Family Homes sales: down 2.50% from LY (1,914 units)
Average Sold price for SFH: up 1.11% from LY ($490,674)
Days on market for SFH: 43 days for January
Active Listings for SFH: up 34.29% from LY (3,672 units)
*This representation is based in whole or in part on content supplied by REColorado®, Inc. REColorado® Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by REColorado®, Inc. may not reflect all real estate activity in the market.
Information credit: https://www.ltgc.com