Denver Metro Happenings
Featured Home, Tips & News
Low Number Of Houses
Prompts Record High Prices
Low inventory continues to be the predominant story of Denver’s housing market, according to recent statistics from Denver’s Metrolist, Inc. Metrolist reports that the number of homes on the metro market in March dropped a whopping 60% from the previous March. The number of condos for sale showed a similar drop of 59%. This reflects a further decline from February — 8% and 17% for homes and condos respectively.
Low inventory is driving prices, which have reached record highs. Homes sold for an average of $359,900 and condos $215,700 in March, an 11% and 12% increase, respectively, over 2013. This represents a rise over prices reported in February, which had already hit record levels. Read more.
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