Here are the latest real estate news and tips. As always, thank you for your business and your referrals of people considering buying or selling a home.

Denver Metro Happenings

The Denver Metro Parade of Homes, now through September 1st
Rocky Mountain Music Festival at Clement Park, August 10    
Rocky Mountain Folks Festival in Lyons, CO, August 15-17    
Stapleton Kids Triathlon at the Jet Stream Pool, August 17    
Maya: Hidden Worlds Revealed at DMNS through August 24    

Low Inventory Prevails In The Denver-Metro Housing Market

Inventory continues to remain low for homes in the Denver market, according to the latest data from Denver’s Metrolist.

According to Metrolist, the number of home listings in July dropped 3% for houses and 4% for condos from June to July, adding stress to an already tight market. Perhaps partly as a consequence, sold properties were down 11% and 10% for homes and condos respectively over the same time period.

There was little change in the number of days properties spent on the market. Houses spent an average of 27 days on the market and condos 26 days.

One tiny glimmer of good news for buyers is that the average sold price for condos dropped from June to July – but only by 1%. Prices for houses remained the same as the previous month. Read More.

More Real Estate, Home And Lifestyle Tips

(courtesy of RE/MAX of Cherry Creek)
 For advice or a consultation, contact me:

 Eric Sultan

  Work  303.218.9444
  Cell    303.829.0814

Sultan Real Estate at RE/MAX of Cherry Creek
3773 Cherry Creek North Drive
Suite 801
Denver, Colorado 80209

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