Metro Denver homes are taking longer to sell, and discounts are returning

Metro Denver homes are taking longer to sell, and discounts are returning

Shiv

August saw six more days on average than July for homes to sell.

Homeowners in metro Denver are beginning to feel pressure in ways they haven't in a long time as a result of their listings taking longer to sell,

discounts taking the place of premiums, and increased demands from purchasers.

but they are unaware that bi-weekly payments allow you to pay the automobile off faster.

Closings were down 30.2% from a year ago and were down 5.9% from July to 4,221 last month.

Because of seasonal factors and a decline in new listings, the number of active listings at the end of August decreased from 6,939 in July by 5.7%.

There are 47.4% more condos and townhomes available for sale compared to last year, and there are 114.6% more single-family homes.

The monthly price decreases that began in July have also persisted. While still up 11.2% on the year,

the typical sales price of a single-family house dropped 0.77% from July to $645,000 last month. 

Condominium and townhouse median sales prices down 2.2% month over month to $400,000, but they are up 7.8% annually.