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What the Numbers Say
During a time of varying opinions and heavy speculation about the Front Range real estate market, let’s see what the actual numbers are telling us:
Inventory is up significantly year over year:
- Larimer County = +48%
- Weld County = +52%
- Metro Denver = +74%
However, supply is still low as measured by months of inventory:
- Larimer County = 1.1 Months
- Weld County = 1 Month
- Metro Denver = 1 Month
Transaction count is down as the pace of sales is slowing:
- Larimer County = -24%
- Weld County = -15%
- Metro Denver = -19%
Yet, average prices are still up versus last year:
- Larimer County = +18%
- Weld County = +10%
- Metro Denver = +14%
How’s 2019?
A lot of our clients are asking how 2019 is starting off.
Here’s one thing we notice…
There are more homes to choose from, which is great news for buyers.
In January alone 4,821 homes came on the market in Metro Denver.
That is a 14% increase compared to one year ago.
At our annual Market Forecast, we predicted a more balanced market in 2019, so far it looks like we are trending that way.
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Below is the recap of our Denver Annual Market Forecast!
