January Market Update & Year In Review

# of Closed Sales: 12

Average Days on Market for Solds: 34

Median Sales Price: $390000

# of new Listings: 14

Months of Inventory Last Month: 1



The Denver/Aurora Metro market continues to one of the hottest seller’s markets in the country.  Our community is leading the charge with 6.5% appreciation for the year, to end 2017 (pre-recession appreciation historically is 3 – 5%).  We did see a sharp reduction in sales for January but that’s VERY typical of January in Aurora.  We have no indicators or no significant market changes to make us think a change in the market is looming.  Days on market, as well as months of inventory, have continued to decrease in our neighborhood, excepting last month. However, with tax overhaul and interest rates increases, we may if those recent policies and legislative changes have an effect, if any, on our market and our community.  News that Denver made the top 20 of cities in the running for Amazon’s HQ2, has people speculating on what is going to happen in the market.  All we know is there will most like be tight inventory for the foreseeable future. We will continue to monitor the market for any major shifts we see, so our neighbors are alerted first!

Let us know your thoughts.  As always, if you have any further market questions or if there is content you would like to share about our community, feel free to forward it to me: Cynthia@CynthiaMParker.com or via our website/FB page: http://livecrosscreektraditionsadonea.com / @crosscreektraditionsadonea