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.

 

Denver Realtor Reviews: Denver Real Estate Market Statistics May 2018

 

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 May 2018" by clicking here.

Denver Realtor Reviews: Denver Real Estate Market Statistics

 

Youtube Video of Denver Real Estate Market Statistics Through May 2018

 

 

The average price for a home in Denver was $486,112 at the end of May 2018. The median price for a home in Denver was $420,00 at the end of May 2018. There were 5,613 homes sold in May 2018. There were 1.178 months of real estate inventory in and around Denver at the end of May 2018. There were 7,629 new real estate listings in and around Denver at the end of May 2018. The median days on market for real estate listings in and around Denver was 5 days for May 2018.

 

These Denver real estate market statistics are from the Denver MLS (REColorado.com) . They reflect real estate sales data for the end of May 2018. 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

 

Denver Realtor Reviews: Denver Real Estate Market Statistics

Denver Realtor Reviews: Denver Real Estate Market Statistics

 

The average home price in Metro Denver is up almost 11% Year Over Year from $439,297 in May 2017 to $486,112 in May 2018. The average home price in Metro Denver is up 0.1% Month Over Month from $485,584 in April 2018. 

 

The median home price in Metro Denver, Colorado

 

Denver Realtor Reviews: Denver Real Estate Market Statistics

 

Denver Realtor Reviews, Denver Real Estate Market Statistics

 

The median home price in Metro Denver is up over 10.5% Year Over Year from $380,000 in May 2017 to $420,00 in May 2018. The median home price in Metro Denver is approximately 0.6% more than the median home price in March 2018 of $417,500.

 

Number of Metro Denver real estate sales

 

Denver Realtor Reviews, Denver Real Estate Market Statistics

Denver Realtor Reviews, Denver Real Estate Market Statistics

 

There were 5,613 metro Denver real estate sales in May 2018, about 3.5% less than the 5,809 real estate sales in May 2017 and 15%% more than the 4,872 metro Denver real estate sales in the prior month. For May 2018, the highest number of sales occurred in the $300,000 - $350,000 price point.

 

Number of Metro Denver real estate listings inventory

 

Denver Realtor Reviews, Denver Real Estate Market Statistics

Denver Realtor Reviews, Denver Real Estate Market Statistics

 

At the end of May 2018 there were 7,629 Denver real estate listings which is about 12% more than the 6,802 new listings in April 2018 and almost 7% more than the 7,130 new listings in May 2017. The highest number of new listings this month was in the $300,000 to $350,000 price range.

 

Months of Metro Denver real estate inventory

 

Denver Realtor Reviews, Denver Real Estate Market Statistics

 

There was an average of 1.178 months of inventory on the market in May 2018.

 

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

 

Denver Realtor Reviews, Denver Real Estate Market Statistics

Denver Realtor Reviews, Denver Real Estate Market Statistics

 

At 5 days, the median days on market is the same as May 2017 and April 2018. The median days on market was 5 days or less for everything under $400,000. The lowest median days on market was for homes priced between $150,000 and $350,000. The highest median days on market was for homes priced between $2.75 million and $3 million.

 

Denver Realtor Reviews: Denver Real Estate Market Statistics April 2018 Conclusion

 

The real estate market within a 30 mile radius of Denver Colorado remains a strong sellers market, especially under $400,000. It has been my experience, and the numbers seem to prove, that the closer you get to $500,000 and if you go higher, there is less competition in general and you get a lot more home for the money at this point in time.

 


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

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