2017 ended with the lowest inventory of homes on the market in memory. The number of homes that sold would have undoubtedly been higher if there were more properties available to buy. It took about a week longer for a home to sell, but that’s just a statistical aberration because more expensive homes, (which typically take longer to sell) are finding buyers. The average home value appreciated over 10% during 2017. But this market still has plenty of steam! Fundamentals like job growth and rising incomes point to a buoyant economy in the Denver metro area—including the foothills—for the foreseeable future. Tupper’s Team assisted 170 happy foothills families buy and/or sell homes in 2017. We helped buyers purchase for less and sellers sell for more than their Zestimates, and we’re proud of the overwhelming positive surveys we received from past clients. For answers to any questions about buying or selling in 2018, you know where to find us!


2016

2017

Change

# Homes on the market

218

161

-26%

Homes sold YTD

1508

1486

-1%

Days on Market

48

54

+6 days

Average Selling Price

$509,690

$563,383

+10.5%