Denver Rent Hikes Approach National Norm

April 29, 2016

Market Trends for Single Family Jan 2018

Market Trends for Multi-Family Jan 2018

January 2018 Denver-Metro Real Estate Market Stats

 

Average price of all residential sales in January was just over $440K. The average single family home was going for $484k, while multi-family places went for $344k on average. 

The 12-month moving average appreciation rate, which is the best measure of real trends in prices, was 8.1%

There were 2,756 homes that changed hands in January, down 8.7% from the number sold in January 2016. 

We ended the month with 3,373 homes on the market, which is down 13.2% from the 3,884 available at the end of January in 2016. Most of the difference was due to fewer single family homes being available for purchase. 

All those numbers for metro Denver as a whole, but trends vary by area price range, type of property, etc. I can send you a report that shows you what's happening for your type of property (single family or multi-family) in your zip code. If you're interested, shoot me an email at amy@berganhomes.com 

Denver rents climbed slightly more than the national average over the trailing three months increasing by 0.8%. Rents are projected to increase by 6.2% in 2016 down from over 11% in 2015. 

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