Denver real estate market statistics: How much does a home cost in Denver? How long does it take to sell a home in Denver? How fast are home prices rising in Denver? All this and more answered below. Also check out this blog about how to get a good deal when buying a house here.

Denver Real Estate Market Statistics Through September 2017

These Denver Real Estate Market Statistics are based on homes in the REColorado.com MLS within 30 miles of downtown Denver. Download a pdf version of "Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017" by clicking here.

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

Youtube Video of my Denver Realtor Review of Denver Real Estate Market Statistics through September 2017 

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

The average price for a home in Denver was $426,640 at the end of September 2017. The median price for a home in Denver was $375,000 at the end of September 2017. Sales volume in September was $2.054 billion. There were 4,814 real transactions in April 2017. There is 1.64 months of real estate inventory in and around Denver. There were 7,898 real estate listings in and around Denver at the end of September 2017. The average days on market for real estate listings in and around Denver was 24 days for September. And the median days on market was 10.

These Denver real estate market statistics are from the Denver MLS (REColorado.com) . They reflect real estate sales data for the end of December 2016. They do not reflect real estate sales that occurred off market or outside of the Denver MLS.


The average home price in Metro Denver, Colorado

The average home price in Metro Denver is up almost 8% Year Over Year from $393,908 in September 2016 to $426,640 in September 2017. The average home price in Metro Denver is down over 1% Month Over Month from $432,521 in August 2017. 

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017


The median home price in Metro Denver, Colorado

The median home price in Metro Denver is up almost 8% Year Over Year from $347,500 in September 2016 to $375,000 in September 2017. The median home price in Metro Denver is 0.9% less than the median home price in August 2017.

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

 

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017


Metro Denver real estate sales volume

Metro Denver real estate sales volume went down 18% month over month to $2.054 billion from $2.420 billion continuing the traditional seasonal patterns and was 5% higher than the $2.044 billion in sales in September of 2016.

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017


Number of Metro Denver real estate sales

There were 4,814 metro Denver real estate sales in September 2017, almost 7.8% less than September 2016 and 16% less than the prior month. For September 2017, the highest number of sales occurred in the $350,000 - $400,000 price point. What is making news the large drop in sales vs. August which is larger than the 6.8% August to September drop in 2016.

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017


Months of Metro Denver real estate inventory

There was an average of 1.641 months of inventory on the market in September 2017.

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017


Number of Metro Denver real estate listings inventory

At the end of September 2017 there were 7,898 Denver real estate listings which is about the same as the 7,996 listings at the end of August 2017 but 6% less than the 8,389 listings in September 2016. 

 

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017


Average days on market for a Metro Denver, Colorado home for sale

At 24 days the average days on market for Denver real estate is 1 days more than September 2016 and is 3 days more than March 2017. The average days on market was 21 days or less for everything under $400,000. The highest days on market was in the $1.75 million - $2 million price range.

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

 

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017


Median days on market for a Metro Denver, Colorado home for sale

At 11 days, the median days on market is 1 day more than September 2016 and 1 day less than August 2017. The median days on market was 11 days or less for everything under $400,000. The median days on market was highest over the $1 million price range.

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

Denver Realtor Reviews: Denver Real Estate Market Statistics September 2017

Denver Realtor Reviews: Summary of September 2017 Denver Real Estate Market Statistics

The market is seasonally slowing but is there a larger change in process. The drop in the number of sales was larger than last year and days on market along with overall inventory seem to be creeping up. Anecdotally I am seeing less buyer demand over the last few months than there was for about the last year and half going into Spring 2017.

 


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

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