03 Oct Boulder/Denver Homes For Sale October Market Update.
Since June the Boulder/ Denver real estate market has shown signs of cooling. However, in the last 30 days, buyer demand seems to have leveled off and is no longer on the decline. The two most notable Boulder / Denver real estate market indicators include the declining rate of appreciation, as well as the longer days-on-market for homes to receive offers.
The annual appreciation rate for single-family homes was 10.6% in March 2017 and has steadily dropped to 5.887% today. The annual appreciation rate for attached dwellings was 20.98% in March 2017 and has steadily dropped to 6.96% today.
Single-family homes for sale in Boulder County are taking slightly longer to go under contract, except Erie and the “close-in” mountain communities which are selling more quickly. Denver single-family homes for sale, as well as attached dwellings, are also taking slightly longer to sell across the entire metropolitan areas.
As a rule of thumb, the more affordable price ranges are in the highest demand, and construction of Boulder / Denver single-family homes for sale and condominiums in the more affordable price ranges are harder to find on the west side of I-25. Growing communities in both the north-east and south-east sections of the metropolitan area offer the most affordable housing, including Fredrick and Firestone on the north, and Parker and Aurora on the south.