Kiowa is a rural community found within an hour’s drive from Denver. Horses graze in wide-open pastures, picket fences run along the roadside and people still tip their hats to you as they pass.
Named in honor of an American Indian tribe, Kiowa residents enjoy their slice of land, where on a clear day the foothills of the Rocky Mountains can be seen to the west.
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LAST MONTH’S DATA COMPARED TO PREVIOUS TWO YEARS
The industry considers Median Sales Price a more accurate look at home prices than average because it eliminates the outliers that can skew data.
Low inventory (new & active listings) can lead to a sellers market, especially if pending & sold listings are up. The opposite, high inventory and low sales will lead to a buyers market.
Months of inventory reflects an estimate of the amount of time it would take to sell all of the current listings in a given area. Six months is considered a ‘balanced’ market. Anything under 6 months is considered a sellers market and anything above is a buyers market.
