Patrick Finney, Owner/Broker of CJV Real Estate weighs in on this month’s real estate market in Denver, Colorado: Two key factors– inventory and interest rates– continue to stay at record low levels during the month of June, 2021. That means that the market remains a Seller’s Market. The good news for Buyers, however, is that
May numbers in Denver Real Estate are out! The average close price in May 2021 is 635,060, an increase of 26.9% from May 2020’s average of $500,474. Also the percentage of closed price to list price went up 5.9% from 99.4% in May 2020 to 105.3% in May 2021. What does this mean for sellers?