September 2021 Market Update Denver Metro

September 2021 Market Update Denver Metro

After a relative slowdown in July & August, September returned to the normal red-hot speed of today’s housing market. There remains heavy competition amongst buyers, while a slight uptick in inventory meant buyers had a few more options. With interest rates low and expected to increase, plus a seasonal increase in inventory, it is still a great time to buy!

Seller Pro Tip

If you have been waiting for the market to cool to purchase a replacement home, now may be the time. With an uptick in inventory and fewer active buyers, competition will be less now than if you wait for the spring.

Buyer Pro Tip

It is a great time to buy! Interest rates remain low and are expected to increase. Plus there is a seasonal increase in inventory. If you wait, it will cost you more money in the future to buy that home you are looking for.

Market Stats Denver Metro

Data source: DMAR Real Estate Market Trends Report

Average Sales Price

  • $618,293
  • 0.77%
  • 15.11%

Average Days on Market

  • 13
  • 18.18%
  • 43.48%

Active Listings (Inventory)

  • 3,971
  • 10.86%
  • 25.09%

Closed Sales

  • 5,233
  • 12.81%
  • 19.27%

Key Takeaways:

  • After a decline in the past 2 months, the average sale price is up.
  • Active listings are staying on the market a little longer.
  • Inventory is up a little, giving buyers more options to choose from.
  • The lower number of closings coincides with low inventory in the past 2 months.
I am actively helping both buyers and sellers successfully and happily navigate this market. DM, text, call, or email me anytime if you’re thinking of making a move or have any questions.

Work With Nick

My passion for real estate is best expressed through the great people I get to meet everyday. I would love for the chance to get to meet you, hear your story, and see how I can help you achieve your real estate goals.

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