The greater Denver Metro housing market continued to show signs of being healthy and sustainable in June due to a more plentiful supply of homes, as well as continued low-interest rates.
As compared to last June, there are more new listings of homes for sale and homes are staying on the market a bit longer. Year over year, the number of new listings was 1% higher in June and homes were on the market for an average of 32 days. The average sold price of a home was $501,550 in June, down slightly from last month and up 2% year over year. What do these trends mean from home buyers and sellers?