The year of the Pandemic Summer and the Hot Temps for the month of August have translated into a Hot Real Estate Market! This has possibly been the most active and productive August in recent history in the Denver Market!
By the numbers, we saw 5,959 homes/townhomes and condos Closed, which is up 4.2% vs 2019.
The big story again is the Average Price in August! Single Family Homes Closed at an average price of $606,330 which is up 13.8% vs August 2019.
Condos and Townhomes Closed at an average price of $377,664 which is up a more normal 1.65% vs August 2019.
This confirms the general trend of Buyers flocking to Single Family Homes and out of multi-family units due to seeking distance from neighbors during COVID-19.
For more in depth information about the current market, contact me today. Call or
text Kathy LeMay with RE/MAX Professionals at 303-565-0884.
