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So How's The Denver Real Estate Market? Through January 10, 2019



Market Metrics:

By the numbers, the inventory of available homes for sale is 4,399 homes at December month end, 2,369 homes came onto the market, 2,792 homes went under contract, and 4,110 homes closed at a median sold price of $415,000 and an average sold price of $476,746 resulting in a closed dollar volume of $1.96 Billion.

Monthly Market Recap:

Single Family: Condo:

Active Month End Inventory is 2,823        Active Month End Inventory is 1,576

Sold Homes is 2,904                                   Sold Homes is 1,206

Average Price is $520,159                          Average Price is $372,210

Median Price is $445,000                          Median Price is $305,000

Average Days on Market is 46                   Average Days on Market is 49

Year To Date Market Recap:

Single Family: Condo:

Sold Homes is 38,467                                Sold Homes is 15,895

Average Sold Price is $526,784                 Average Sold Price is $361,894

Median Sold Price is $450,000                 Median Sold Price is $304,900

Average Days on Market is 36                 Average Days on Market is 52

Source: – January 4, 2020

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:

The Denver Metro Home Market has changed in the prior years. Happy New Year and let’s see how 2020 works. Active listings are low. Mortgage interest rates continue to be low. Overall activity is slower for both Sellers and Buyers. Being a Seller or Buyer, do your homework before getting into the home market. New Year’s Resolution – start small, go slow, build your skill set, and be aware of the overall home market.

Real estate is local. While the above is a representation of the Denver market as a whole, please contact Roger Evans your RE/MAX Professional to better understand your specific real estate market.


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