Troy Hansford for Denver Real Estate | 303-617-0607 | HansfordTeam@TroyHansford.com
          

Quick Search MLS

$
$

What the 2017 Market Tells Us About This Year

Here’s what you need to know about our real estate market. The new year is going to be a fantastic one for home sellers.

Want to sell your home? Contact us for a home value report
Want to buy a home? Search all homes for sale

I’ve been getting asked how the market is doing a lot recently. I’ve got some numbers and some graphs to share that show just how great this current market is.

On the first graph in the video above, you see the number of active listings in 2017 that are organized by month. In January, we started at around 7,300, then saw the numbers climb as we hit March. We hit the peak of the market in July, then we slowly see a decline to the end of the year. This is where we have our lowest inventory level of the year. This is a progression we typically see every year.

“I anticipate a great year in real estate.”

The next graph is similar. It illustrates how the average sale price changed throughout the year. The average sale price started at around $400,000 in January and follows a similar path to the active listing chart. However, in December, the average home price leapt to $438,000, which is close to the $443,000 average sale price that we saw at the peak of the market. This is a significant increase.

With all that being said, the low inventory and rapidly increasing home values are going to make 2018 a fantastic market. I anticipate a great year in real estate. If you have any questions for me in the meantime, give me a call or send me an email. I look forward to hearing from you soon.