Numbers at a glance start with our lack of Inventory that is down 43% from this time last year! Single Family Homes at 3,041 and Townhomes and Condos at 2,260 for a Total Inventory of only 5,301!
Ouch! This has caused a year over year from September 2019 Average Residential Price that is up over 12%, and a Year to Date Average Price that is up about 6%! Year to date, the New Listings in the Denver Metro market are only down 4.3% from 2019, but Closings YTD are up 1.6% which shows that this is mostly a demand issue not a supply issue for the most part!