Colorado’s Real Estate Market Report – The Year in Review - 2017
Posted by West + Main Homes on
2017 was a historic year for Denver’s housing market as more homes sold for higher average and median prices than ever before, and sales volume reached an all-time high. To top it off, the year closed with the lowest number of homes on the market on record.
In summary, 2017 marked a new record high for the number of homes sold for higher average and median prices than ever before. Closed volume set a new record too in 2017 topping $25 billion – up from $9.9 billion in 2011.
Furthermore, while demand was strong, inventory remained tight. Active listings were at 3,854 total units at the close of December, establishing a new all-time low for any month.
“The lack of active listings should concern us all,” comments Steve Danyliw,…
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