Rocket Homes recently published their monthly report on the Denver housing market. This report detailed year-over-year changes in sold prices, number of homes listed for sale, and other stats that provide a look into the current state of the Denver housing market.
In this post, we’ll look at three takeaways and what they mean for real estate investors looking to invest in Denver, CO.
- 1. Home sold prices have risen 15.2%
- 2. 2,666 homes were listed for sale
- 3. Denver is currently a seller’s market
Rising Home Sold Prices
The median sold price in Denver is $629,156 which is an increase of 15.2% compared to last December. This averages out to roughly $414/sqft. and sold prices for homes of all sizes has increased.
Homes Listed for Sale
2,666 homes were listed for sale in December which is only a slight decrease compared to November.
Is Denver a Seller’s or Buyer’s Market?
Since last December, Denver has remained a seller’s market. The average sale time for a home in Denver was 44 days, which is an increase compared to last year, however more than 139 listings were sold above the asking price and more than 156 listings were sold at asking price.
What it Means for Real Estate Investors
The Denver housing market continues to be a thriving one for real estate investors. If you’re buying a property in Denver County, you may be able to get a good deal and maximize your return on investment. Visit https://www.rockethomes.com/co/denver-county to explore homes for sale in the area.
While other lenders have closed their shops or raised their rates, Easy Street Capital has made it easier to get a fix-and-flip loan. Our EasyFix program offers fix-and-flip rates as low as 8.9% and financing up to 85% of loan-to-cost (purchase and rehab). To ensure a quick close, term sheets are issued within 24-hours of application, and we can close in as little as 48-hours.
If you’re in need of a hard money loan, complete our simple, two-minute application and get your term sheet within 24-hours.
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