North Metro Denver Real Estate Market Report YTD November 2019
North Metro Denver Real Estate YTD November 2019 and Market Outlook
Read about the North Metro Denver Real Estate Market Report YTD November 2019 here! The number of new listings added to the Denver-area housing inventory in November was down 32.7 percent month over month and 6.48 percent year over year. This reduction contributed to shrinking the number of active listings from 8,557 in October to 6,988 in November, an 18.34 percent drop. For comparison, in the last quarter of 2018 there was a surge in new housing inventory.
North Metro Denver Real Estate Single Family Home Sales by Price
The reduced number of new listings is slowing the market. Buyers are looking for homes and many homes are still seeing multiple offers due to the limited inventory. It’s difficult for buyers to find a home. Sellers are waiting to list for a number of reasons: waiting for results from the Trump hearings; concerns over an election year and trade issues. The downfall of waiting to sell is that once more homes are on the market there’s more competition to sell a home and prices will adjust accordingly.
Thornton Single Family Homes YTD Over the Last 5 Years
The average days on market and the average sold price both increased in the entire residential market. The average days on market was 35 in November, up just one day from the prior month. Year to date the average days on market was at 31, an increase of 24 percent compared to last year.
Brighton Single Family Homes YTD Over the Last 5 Years
Buyers and sellers need to know that while homes may be on the market longer, and the close-to-list-price ratio was down to 98.80 percent month over month and 99.23 percent year to date, this is still not a market for low-ball offers. Sellers have to price accurately and buyers will pay true home values.
If you want similar in-depth information and a breakdown of different areas such as Gleneages Estates, Todd Creek, Brighton Crossing-Brighton East, Eagle Shadow, Keenesburg and Cavanaugh Hills download the full 13-page North Metro Denver Real Estate Market Report YTD November 2019!
Helping You Make Informed Decisions Regarding North Metro Denver Real Estate
I produce this monthly report to provide you with a high level overview by looking at the patterns and trends. My goal is to help YOU make sense of the numbers so you can make informed decision. It is my hope that this report helps you to ”See the Big Picture and All the Details!”
If you see a segment of the market that you would like additional help with understanding please contact me. Or if you desire a specific Home Estimate that I routinely prepare for my clients, please contact me, I would be happy to go to work and get that to you.
This report covers Single Family Homes for the Brighton, Thornton and Keenesburg area which includes the specific areas such as Gleneagles Estates, Todd Creek, Brighton Crossing-Brighton East, Eagle Shadow and Cavanaugh Hills.
You will also see a ”slice” of the data by Price Range and by Area for Single Family Homes to provide a more insightful view of the market.
How can I help you with Your North Metro Denver Real Estate Needs?
This North Metro Denver Real Estate Market Report YTD November 2019 and the level of detail is representative of what you can expect from me as your Real Estate Agent. I hope I can provide the same amount of expertise and insight for you when you are looking to buy or sell in the North Metro Denver area.
Do you wonder what your home is worth in the current market? Do you have questions or want more information about something in the market report? Do you desire a specific Home Estimate that I routinely prepare for my clients? Please contact me or visit this link to get the ball rolling.