• Skip to main content

Denver Investment Real Estate

Helping Investors with Denver Residential Real Estate

  • Denver
    • Start Here
    • Deal Analyses
    • Market Updates
    • Denver Podcast
  • Springs
    • Start Here
    • Deal Analyses
    • Market Updates
    • Springs Podcast
  • Education
    • Free Toolkit
    • Podcasts
    • Getting Started Guides
    • Courses
    • Books
    • Events Calendar
    • Blog
  • Spreadsheets
    • Rental Property
    • House Hacking
    • BRRRR
    • Fix and Flip
    • Return on Equity (ROE)
  • Services
    • Rental Properties
    • House Hack
    • Sell
    • 1031 Exchanges
    • Investment Consultation
  • Portfolio Analysis
    • About Portfolio Analysis
    • Portfolio Consultation
  • About
    • About Us
    • Team
    • Our Process

Podcast #99: Denver June Roundup – Market Update

July 30, 2019 • Chris Lopez

This market update was discussed in the June 2019 round-up.

June 2019 Denver real estate market snapshot.

The Denver real estate market has been on a consistent trend in 2019. Inventory is continuing to build and the average days on the market continues to rise. It’s important to notice the median days on the market has only seen a very slight increase year over year. Inventory and DOM are directly correlated, as one rises the other will follow.

The decrease in close price/list price is a great sign for buyers, sellers are having to work with them more and are starting to give concessions at closing. Many sellers are still trying to aggressively price their homes for maximum value but fewer homes are being sold at above list price.

June 2019 Denver real estate market end of month active listings and sold homes graph
June 2019 Denver real estate market end of month active listings and sold homes data

Denver has not had this much inventory available since the summer of 2013, while inventory is up we are still very much in a strong sellers market. Even with the increased inventory, we are still much closer to the record low than the record high.

Even with inventory up 28% year over year the amount of homes sold has remained consistent. While there has been a 3% reduction in homes sold there is a huge uptick in homes under contract. Lenders have been very busy which can slow down completing the sale and skew the data. By the end of July or August 2019, there could be more total homes sold than in 2018.

June 2019 Your Castle showing trends graph

Showings in June were down slightly from earlier months but this not come as a surprise. All previous years showed the same dip in June before starting to pick back as the summer winds down. Also, with an increase in inventory, the number of showings per individual home will decrease as buyers have more options to chose from.

June 2019 Your Castle showing trends compared to active listings graph

Monthly Indicator

June 2018 vs June 2019 financing and principle costs.

Inventory is up and interest rates are down, giving buyers a unique opportunity to own a home at a lower cost than 2018 even though the average price of a home has increased. This circumstance is even more advantageous for Nomad and house hackers. $100 per month could turn a property from cash flow neutral to positive, or allow investors to increase their search to include properties which were previously out of budget.

Podcast: Play in new window | Download (Duration: 57:49 — 66.2MB)

Subscribe: Google Podcasts | Spotify | Stitcher | Email | TuneIn | RSS | More

About Chris Lopez

Investor Friendly Realtor| Investor | Host of the Denver Real Estate Investing Podcast | Call Chris at (303) 548-0846 | Chris@envisionrea.com | Read more about Chris...

Real Estate Investment Consultation
Creating your real estate investing strategy and putting together your team can be a daunting task. Schedule your free Colorado real estate investment consultation to start creating your personalized plan.

Envision Advisors Logo
Copyright © 2022 · All Rights Reserved

Envision Advisors at Your Castle Real Estate · 2755 S. Locust St #243, Denver CO 80222

Return on Investment Quadrant™, True Cash Flow™ and Nomad™ are trademarks of Real Estate Financial Planner LLC and used with permission.

denverinvestmentrealestate logo

Disclaimer:This information is designed to provide accurate and authoritative information with regard to the subject matter covered. It is offered with the understanding that the presenters are not engaged in rendering legal, accounting, or other professional services. If legal advice or other expert advice is required, the services of a competent professional should be sought.

Privacy Policy | Terms of Use | Disclaimer