In August 2018, 8,228 homes were on the market in the Denver area, up 11.79 percent from last year.
“Over the past four years, we’ve experienced the strongest sellers’ market in recorded history,” said Steve Danyliw, Chairman of the DMAR Market Trends Committee and Metro Denver REALTOR®. “This past month, we saw available homes for sale increase to the highest level in four years giving buyers more homes to choose from.”
Still, Danyliw says market conditions favor the home seller and the next few months should see increased activity.
The highest priced single-family home sold in August was a $6,750,000 Larkspur property with 7,704 square feet representing four bedrooms and seven bathrooms, the report read.
Read the full Denver Metro Association of Realtors September 2018 market trends report here.