Seller’s Market Shows Continued Strength — How Long Will It Last?

The charts below show the continued strength of Jefferson County’s and Denver’s residential real estate market. The number of sold listings keeps rising despite a decline in active listings. The median sold price has doubled in just 5 years from about $200,000 to $400,000, and the average home now sells for about 100% of its listing price.

The decline in active listings is not due to a lack of new listings. The problem — if you want to call it that — is that new listings go under contract so quickly. Median days on market has been under 10 most of this year. As I’m writing this on Monday, there are 1,228 active Jeffco listings, but another 1,299 listings are under contract.  In Denver, there are 1,837 active Denver listings, but another 1,605 listings are under contract. Call me for statistics on your section of Jefferson County or Denver.

Jefferson County statistics:Jeffco_market_charts

Denver statistics:Denver_market_charts

Author: Golden Real Estate, Inc.

Golden Real Estate is a prominent member of the Denver/Jefferson County real estate scene. Based in Golden, we service both Denver and Jeffco, representing both buyers and sellers. We're well known for Broker Jim Smith's weekly "Real Estate Today" column published in the Denver and Jeffco editions of the Denver Post's YourHub section each Thursday. The column also appears in several weekly newspapers and is archived at www.JimSmithColumns.com. We have nine agents, all of whom are Realtors and EcoBrokers. Our office is solar powered and several of us drive electrics cars. Known for our sustainable practices, we accept polystyrene (aka "Styrofoam") for recycling, keeping 200 cubic yards per year out of area landfills.

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