The Denver Metro Real Estate Market has been on a solid V-Shaped Recovery since the beginning of May after the Quarantine Restrictions due to COVID-19!
Active Listing Inventory is down 33% compared to this time last year, and this lack of Inventory with historically low interest rates have created a Strong Buyer demand. Pending Sales are up 27% compared to last year, however Average Home Prices are only up 2% compared to last year at this time.
This is a wonderful time to take advantage of Historically Low Mortgage Interest Rates!
A 100 Degree day in July would normally cause a slowing market through the rest of the Summer, but Buyer Demand is continuing to look for good fresh Inventory. If you are a on the fence, this would be a great time to go on the market!