In March, with interest rates bouncing around in the mid-6 percents and an active listing count 105 percent higher than last year, Edgewater, Lakewood and Wheat Ridge experienced an average sales price loss of 11 percent year-over-year. Surprisingly, even with months of inventory skyrocketing by 125 percent over last year, the options are still very
In July, despite interest rates in the mid-5 percents and an active listing count over 72 percent higher than last year, Edgewater, Lakewood and Wheat Ridge experienced an average sales price gain of nearly 9 percent year-over-year. The pace of the market has certainly slowed since last year, but homes are still selling very quickly
In October Edgewater, Lakewood and Wheat Ridge witnessed an average sales price explosion of over 22 percent, year-over-year. The gains were so steep that total sales volume was up nearly 5 percent even though the number of transactions was down over 14 percent. Unsurprisingly, it took nearly a week less time to sell a house
