Median home prices in Denver are up to $428,000, an increase of about 3% over last March. That’s down a good bit from the 10+% appreciation we’ve been seeing over the past few years.
In the first quarter of 2019 we also saw a pretty dramatic rise in inventory, with the number of active listings up 54% over last year.
The number of new contracts has stayed about the same for the same period.
Rising inventory and steady contracts would indicate that the market may be tilting to favor buyers. In addition, interest rates have taken a recent dip, so it’s a great time for buyers to take advantage of the market now before they go up again.
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