In this month's real estate update with Joan Pratt, she delves into the October 2023 market trends, revealing a 6.67% rise in average days on market, changes in active inventory, and valuable advice for buyers and sellers. Join Joan as she discusses the local impact of The Joan Pratt Group's initiatives, making a difference in the community and beyond.

Join Joan Pratt for an exclusive look at Denver's luxury real estate market update, showcasing a 38% increase in average days on market, a 20% surge in new listings, and an impressive 0.61% rise in average sale percentage.

In this Denver metro area monthly market update video, we'll explore the latest trends: the average days on market has increased by approximately 30% year over year, now averaging around 26 days, while the current inventory has dipped just under 6% to 4,900 homes, with a notable 4.88% increase in the average sale price when considering both single-family homes and condos, promising insights for both buyers and sellers.

Denver's monthly real estate update: Average days on market increase by 18.5% to just 23 days, with active inventory for single-family homes down by 19%, while both single-family homes and condos show a 0.68% increase in sale prices year over year.

In the Denver metro area, in June 2023, the housing market saw a continued surge in demand, resulting in rising prices and a shortage of inventory, maintaining a seller's market.

Sellers often come to me with their most pressing questions. What do you do if your home sells quicker than you anticipated? How soon do you need to leave your home? If you haven’t listed yet, what do you need to do before putting your home on the market? These are just a few of the many questions we’ll answer today. Even if you don’t plan on selling in the near future, you don’t want to miss out on this helpful information.

Monthly Market Update: Strong demand and limited inventory drive rapid price growth in the real estate market.

Looking to sell your home? Let us help you maximize its value. Reach out with the contact info below!

Joan M. Pratt | RE/MAX Professionals 

Castle Rock, CO 80108

(720) 506-3001 | Joan@JoanPratt.com

www.JoanPratt.com