Market News & Stats

With fall around the corner, the housing market across the Denver Metro Area heads towards an expected seasonal slowdown. With more inventory spending a bit more time on the market, buyers have more time to look for their next Colorado home.

In the full heat of Colorado summer, the housing market in the Greater Denver Metro Area started to cool. Both home sales and new listings were down slightly compared to last month and last year.

The housing market in the Greater Denver Metro Area may be shifting. The latest data from REcolorado show both home sales and new listings were down compared to this time last year. Meanwhile, average sold prices for single family homes continues to rise.

Home buying and selling season is in full force across Colorado. New and active listings of homes for sale rose in May, with fewer days on market and no change to weeks of inventory.

As the weather warms in Colorado, more sellers list their homes for sale. Active listings climbed above 5,000 for the first time this year in April. Home prices continue climbing while demand from home buyers remains strong.

Demand from home buyers remains strong as the housing market heads towards peak buying and selling season. Month-over-month comparisons show the housing market picking up this spring, with 35% more home sales in March 2018.

Despite a dip in sales year-over-year, January 2018 was a very active month for the Greater Metro Denver Area housing market. Over 4,000 homes went under contract – a 34% increase from last month and 9% higher than this time last year.