Denver’s real estate market is still red-hot, with average closed prices still climbing. Check out below to see how the Denver area housing market performed in June:
Data from ReColorado from June 1, 2021 to June 30, 2021.
Monthly sales in the Denver area increased again, landing at 6,460. This is a slight 3.46% increase from June 2020.
June had increased new listing numbers with 7,671 new listings, a slight increase at 4% from June of 2020. Pending listings were down 9% from June of 2020 at 6,661.
Sales price has continued to rise month over month for Denver and June was no exception. The average closing price in June was $642,167, a +21% year-over-year increase.
Days on Market (DOM)
The Denver real estate market continues to speed up. Denver area homes spent an average of 10 days on the market during June, which is an impressive 15 day decrease from June of 2020.
A Word From Phillip Kranefuss, Homie CO Head of Real Estate
“Market momentum is slowing. It is unclear if this is latter half of the year market-softness, as we’ve seen in previous years, or if this will be actual structural change and indicative of a market moving further in balance.”
Turn to a Homie
Are you ready to jump into the market as a buyer or seller? Homie’s experienced local real estate agents can help you have the best experience possible throughout the entire process. These agents know how to put together that perfect offer to help you get your dream house if you’re a buyer, and they know how to make sure you get the offer you’re looking for if you’re a seller. Click to start selling or buying and get in touch with your dedicated agent.
Read more about buying in Denver.