April 2021 Market Stats - Denver Metro Area

April market stats are in! What you need to know:⁣⁣
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🏡 The average single-family home price increased to $699,039, which is 27.41% more than this time last year!⁣⁣
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🔥 The median days on the market for all types of homes was 4 days. Translation: The market is continuing to move fast. There is inventory, just be prepared to act quickly.⁣⁣
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📉 Almost 40 years ago on 10/9/1981, the interest rate on a 30-year mortgage peaked at an amazing 18.63%! Today, that rate is just 3.04%. We’re all for silver linings!⁣⁣
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🗳 Denver landlords will be required to hold long-term rental licenses for each of their properties under a new law unanimously approved by City Council.⁣⁣
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📩 𝘈𝘴 𝘢𝘭𝘸𝘢𝘺𝘴, 𝘱𝘭𝘦𝘢𝘴𝘦 𝘴𝘦𝘯𝘥 𝘮𝘦 𝘢 𝘮𝘦𝘴𝘴𝘢𝘨𝘦 𝘪𝘧 𝘺𝘰𝘶’𝘥 𝘭𝘪𝘬𝘦 𝘢 𝘧𝘶𝘭𝘭 𝘤𝘰𝘱𝘺 𝘰𝘧 𝘵𝘩𝘪𝘴 𝘳𝘦𝘱𝘰𝘳𝘵 𝘰𝘳 𝘩𝘢𝘷𝘦 𝘢𝘯𝘺 𝘲𝘶𝘦𝘴𝘵𝘪𝘰𝘯𝘴 𝘢𝘣𝘰𝘶𝘵 𝘵𝘩𝘦 𝘮𝘢𝘳𝘬𝘦𝘵.