Average Colorado Home Sale Prices Reach new All-Time High
As demand for homes in Colorado remains strong, home prices continue to rise. In June, the average sale price increased to $454,880 — an all-time high, the first time on record that the average home price reached above $450,000.
REcolorado released its monthly report for the Denver Metro Housing Market in June 2017, which outlines the increasing average home sale price among other real estate trends. So what does this mean for Colorado home buyers and sellers?
Selling your Colorado Home
That’s good news for Colorado home sellers. More buyers are able to purchase homes in higher price ranges. With a strong economy and low unemployment numbers, the buying power is strong.
The value of homes is increasing for Colorado homeowners with record breaking average sales prices. Homeowners can use the Home Worth Tool to estimate the value of your home.
If you’re considering selling your home, contact a local real estate agent or REALTOR®.
Buying a Colorado Home
For Colorado home buyers, there’s still good news. Home sales slowed a bit in June, down slightly compared to last month and last year.
Buyer’s can’t relax quite yet — homes are still selling quickly, with an average on only 20 days on the market. Finding a home in a fast-paced market takes preparation and determination.
Working with a local Denver real estate agent means Colorado home buyers have access to the most up-to-date information and accurate data on homes for sale. Search Colorado homes for sale on REcolorado.com or ask your REALTOR® to set you up in the REcolorado client portal.
June 2017 Housing Market Report
For more information on Denver Metro real estate trends, view the June 2017 Housing Market Infographic. REcolorado provides detailed information about the real estate market, including single-family homes, condo/townhomes, home sales, and industry trends. Contact your REALTOR® for more information about selling or buying a Colorado home.