Market Predictions: While prices are higher on a year-over-year basis, they are starting to flatten in the Denver metro area month-over-month. Many listings are seeing price decreases as both buyers and sellers adapt to new market dynamics. The number of available homes has increased from the historical lows in January ‘22, giving buyers more choices and leverage in purchase negotiations.

 

Market Recap: Even in the midst of such dramatic changes economically, including inflationary pressures and stock market declines, demand is still sufficient to sell many properties in 10 days or less. Also, many renters have experienced significant rent increases and are recognizing the financial benefits of purchasing a home. Look for the number of available homes to peak in July or August and taper off as we head into fall. The best selection for buyers in 2022 is available right now!

Market Overview

Single Family
Active Inventory 4,684
Sold Homes 3,574
Ave Sold Price $810,415
Ave Days on Market 10

Condos & Townhomes
Active Inventory 1,373
Sold Homes 1,516
Ave Sold Price $504,193
Ave Days on Market 9

Number of Listings - Denver Single Family and Condos in July 2022
Average Sold Prices and Days on Market - Denver Single Family and Condos for July 2022
Month End Active and Sold Homes in Denver - July 2022

Real Estate Humor

What do you call a detective who is also a real estate agent? Sherlock Homes

Austin Hurt of Gold Compass Real Estate

Home Guidance You Can Trust!

Communication is the foundation to building trust, so we make it a priority to be available to our clients through phone, text, Facebook messaging, email and in-person meetings. Our laid back approach to home buying is centered around outstanding personal service and gives you the time you need to find the perfect home.

We will help educate you about your options so that you can make well-informed decisions throughout the home buying and selling process. Our friendly and responsive team will make you glad you chose Gold Compass Real Estate to help reach your real estate goals.

Meet Our Team

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Austin Hurt Profile Picture

Austin Hurt

Gold Compass Real Estate

Associate Broker

Office: 303-325-5690

Text: 720-441-3050

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