The latest housing market statistics from REcolorado show all major market indicators are up compared to this time last year. Welcome to buying and selling season.
Record Home Sales
Although up just slightly from last year at only 0.2%, more homes sold this April than we’ve seen in any other April in more than a decade. The 5,044 homes sold also represent a significant increase from last month, 12% more than March 2019.
All market indicators in REcolorado’s Market Watch Report are up year over year, including home sales, new listings, active listings, and sold prices. Take a closer look at these housing market statistics in our detailed market watch report.
What Buyers Need to Know
Both weeks of inventory and days on market are also up from last year, suggesting that the housing market isn’t quite as tight as it was last year. But don’t relax yet – homes are still selling in a median of only 8 days on the market.
This is especially true in high-demand price ranges. Homes listed at $300-500,000 saw the most activity. Lower priced homes typically spend fewer days on the market.
If you’re looking to buy a home this year, start working with an experienced REALTOR® as soon as possible. Your real estate agent can help you interpret these trends and understand what to expect based on your specific conditions.
What Sellers Need to Know
Sellers brought more new listings to the market during April – 20% more than last month. Home buying and selling season is well underway in Denver.
If you’re considering putting your home on the market this year, talk with your real estate agent. They can help you look at market trends specific to your neighborhood and comparable homes so you can make a strategic decision about when to list your home for sale.