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So How's The Denver Real Estate Market? April 2019

7 COUNTY METROPOLITAN DENVER MARKET UPDATE

APRIL, 2019

Market Metrics:

By the numbers, the inventory of available homes for sale is 5,616 homes at March month end, 5,739 homes came onto the market, 4,657 homes went under contract, and 4,084 homes closed at a median sold price of $410,000 and an average sold price of $469,177 resulting in a closed dollar volume of $1.916 Billion.

Monthly Market Recap:

Single Family:                                            Condo:

Active Month End Inventory is 3,781        Active Month End Inventory is 1,835

Sold Homes is 2,848                                   Sold Homes is 1,236

Average Price is $517,786                          Average Price is $357,174

Median Price is $445,000                           Median Price is $299,975

Average Days on Market is 40                   Average Days on Market is 64

Year To Date Market Recap:

Single Family:                                            Condo:

Sold Homes is 7,091                                   Sold Homes is 3,056

Average Sold Price is $506,428                 Average Sold Price is $353,286

Median Sold Price is $432,001                 Median Sold Price is $295,550

Average Days on Market is 46                   Average Days on Market is 60

Source: REcolorado.com – April 4, 2019

The above representation for Single Family and Condo includes real estate activity in the counties of Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert, and Jefferson.

Market Facts:

March is out like a lion, Spring is here, the Metro Denver Home Market is approving as Buyers are out in full force, and we are seeing more first time home buyers. Despite the bomb cyclone and cold weather, the market saw spring picking up. Sellers need to be priced right from the very beginning and make sure the home is move in ready. As a Buyer or Seller, know what is happening in the home market. Metro Denver continues to be a top home market.

Real estate is local. While the above is a representation of the Denver market as a whole, 

please contact a RE/MAX Professional to better understand your specific real estate market.

CALL ROGER EVANS YOUR RE/MAX PROFESSIONAL AT 303-619-4500 TODAY!

 


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