Denver Real Estate – Market Report: February 2019
Home sellers in Metro Denver continue to see year-over-year home price appreciation and more homes under contract, yet buyers have more choices as housing inventory has increased.
In January, the number of new residential listings (single-family and condos) leaped 109.7 percent from December to 4,821.
- An increase of 13.6 percent year over year.
Active listings were up just 5.45 percent from the month prior, and up 52 percent compared to 2018’s record-low January reaching 5,881.
The number of active listings is still significantly below the historic average in the month of January of 13,469 (1985-2018).
“Choices, choices, choices! Buyers should be doing a happy dance because they finally have some choices,” said Jill Schafer, Chair of the DMAR Market Trends Committee and Metro Denver REALTOR®.
“Even though the Denver metro area is still a seller’s market in most price ranges, there’s no doubt this is the best time to buy in a long time!”