As we celebrate our freedoms and the ability to live out the American Dream this weekend, lets take a peek at the longevity of the housing market and how many Americans are investing in new vs existing homes to make their dreams of homeownership come true!
The Bottom Line:
- Both New Home Sales and Existing Home Sales are up month-over-month and year-over-year.
- Inventory remains low which continues to drive home prices up as demand continues to exceed the 4.7-month inventory nationally, and much lower locally in Denver.
- The median price of new homes is up 12% from March 2015, while the median price of existing homes is up 6.3% from April 2015.
