Although roughly the same as August, the average home price in September was slightly up at $538,992. It seems to be more of the same as low inventory and high demand continues to make it a difficult environment for buyers. 98 percent of new listings went under contract with an average of 23 days on the market. 92 percent of those homes closed.
According to the report:Two Denver metro area counties ranked in the top 10 counties to work from home. According to a Gallup poll, 63 percent of people have worked from home since the start of the pandemic. Those in Douglas County and Broomfield County have it the best. Douglas County ranked number two based on internet connectivity, home affordability, urbanization and population growth, and Broomfield County came in a number nine.
5280 published their annual list of the “25 Best Neighborhoods in Denver” and South Park Hill came in at number one, followed by Washington Park, Congress Park, West Highland and Cherry Creek. The preparers of the list looked at home prices, crime data, school rankings and an X-factor score that accounts for things that can’t be easily be quantified, such as access to open space, nearby public transportation and the prevalence of restaurants and shops.
Douglas County and Broomfield County were on the list of the healthiest counties by U.S. News & World Report. That’s an especially important ranking during this pandemic. Check out listings in those counties here: Broomfield Douglas
Mortgage rates hit a record low for the ninth time this year in September, continuing to strengthen buyer affordability. They inched up at the end of the month to reach a national average of 2.9 percent for a 30-year fixed rate with an average 0.8 percent discount.