Current Market Trends in 80007

While the majority of our area would be considered a seller’s market – with demand for homes being higher than the inventory of homes for sale – this zip code is a becoming a bit more balanced.  In measuring these trends, the number 30 is a “magic number” representing a balanced market between buyer and seller. In this particular zip code, the market is hovering right at 34 which still indicates a slight seller’s advantage, but this is down a little from previous months.  The average list price for homes is $649,900 with an expectation of around 78 days on the market. The current inventory of homes for sale is at 93 with the average price per square foot being $154. While there is typically a slowdown of the market this time of year, my team has seen a significant increase in movement within the market the past two weeks.  Contact me today with any questions regarding buying or selling. It is not too late to get the ball rolling before the end of 2018!

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