Here’s the Snapshot of April 2016 Statistics for Centennial Real Estate and #Denver Real Estate. Average purchase price is up 9% from this time last year. The other good news is that the amount of Active Listings is up 12% from this time last year. We desperately need that increase in Homes For Sale as there are many more buyers than sellers.
The average days on the market is 25 days – a balanced market is around 150 days. So this market is very, very favorable for sellers and very difficult for buyers.