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 October 2019

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 October 2019" by clicking here.

Denver Realtor Reviews: Denver Real Estate Market Statistics October 2019

The average price for a home in Denver was $485,044 at the end of October 2019. The median price for a home in Denver was $420,000 at the end of October 2019. There were 4,857 homes sold in October 2019. There were 5,380 new real estate listings in and around Denver during October 2019. There was 1.796 months of real estate inventory in and around Denver at the end of October 2019. The median days on market for real estate listings in and around Denver was 17 days for October 2019.

These Denver real estate market statistics are from the Denver MLS (REColorado.com) . They reflect real estate sales data for the end of October 2019. 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 October 2019 Average Sales Price

Denver Realtor Reviews: Denver Real Estate Market Statistics October 2019 Average Sales Price

The average home price in Metro Denver is up just under 3.4% Year Over Year from $469,298 in October 2018 to $485,044 in October 2019. The average home price in Metro Denver is even Month Over Month from $479,677 in September 2019. 

The median home price in Metro Denver, Colorado

Denver Realtor Reviews: Denver Real Estate Market Statistics October 2019 Median Sales Price

Denver Realtor Reviews: Denver Real Estate Market Statistics October 2019 Median Sales Price

The median home price in Metro Denver is up just over 5% Year Over Year from $400,000 in October 2018 to $420,000 in October 2019. The median home price in Metro Denver is just over 1.2% more than the median home price in September 2019 of $415,000.

 

Number of Metro Denver real estate sales

 

Denver Realtor Reviews: Denver Real Estate Market Statistics October 2019 Number Of Sales

Denver Realtor Reviews: Denver Real Estate Market Statistics October 2019 Number Of Sales

There were 4,857 metro Denver real estate sales in October 2019, about 7.5% more than the 4,520 real estate sales in October 2018 and about 1.3% less than the 4,922 metro Denver real estate sales in the prior month. For October 2019, the highest number of sales occurred in the $350,000 - $400,000 price point.

Number of new Metro Denver real estate listings

Denver Realtor Reviews: Denver Real Estate Market Statistics October 2019 Number Of New Listings

Denver Realtor Reviews: Denver Real Estate Market Statistics October 2019 Number Of New Listings

There were 5,380 new Denver real estate listings in October 2019, which is about 1.7% more than the 5,290 new listings in October 2018 and about 11% less than the 5,975 new listings in September 2019. The highest number of new listings was in the $350,000 - $400,000 price range.

Months of Metro Denver real estate inventory

Denver Realtor Reviews: Denver Real Estate Market Statistics October 2019 Months Of Inventory

Denver Realtor Reviews: Denver Real Estate Market Statistics October 2019 Months Of Inventory

There was an average of 1.796 months of inventory on the market in October 2019. Many people say that a perfect market equilibrium is 3 months of inventory. It appears the market above 1 million is a buyers market and the market below 1 million is a sellers market.

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

Denver Realtor Reviews: Denver Real Estate Market Statistics October 2019 Median Days On Market

Denver Realtor Reviews: Denver Real Estate Market Statistics October 2019 Median Days On Market

At 17 days, the median days on market is 3 days more than October 2018 and 1 day more than September 2019. The median days on market goes up significantly as the price point rises above $900,000 and is less under $450,000. 

Denver Realtor Reviews: Denver Real Estate Market Statistics October 2019 Conclusion

The real estate market within a 30 mile radius of Denver Colorado remains in seller's favor, but it has transitions towards equilibrium and slowed in buyers favor. Bidding wars are less frequent.  Homes that are not move-in ready are selling more slowly than they had, as more move-in ready options are sitting on the market longer. Seller have to price their homes more competitively to sell quickly and put more effort into preparing their home for sale.