Denver housing market breaks average home sale record — again – Denver Business Journal

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Home Prices In Denver Set Another Record. And buyers are out there. Some 5,674 homes were placed under contract in March, a robust 34.52% increase from February and a 4.76% increase on a year-over-year basis. Homes also sold faster in March than in February. The average days on the market was 44 in March, a 15% improvement from 51 days in February.

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Record housing prices continue their pace across the state as homebuyers weigh a growing list of market factors. ENGLEWOOD, Colo. – May 10, 2018 – With a solid seasonal bump in the number of new listings both in the Denver metro area and many markets across the state, hungry homebuyers continued to gobble up properties while others sit and monitor a growing list of market factors including.

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Homebuyers faced slim pickings in February, even though the number of home sales showed a big drop from January. Metro Denver had a record low. s supply of homes for sale surged in June June 29,

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Metro Denver’s average. market. Prices are for resales of stand-alone single-family homes only, not for new construction or condominiums, and are meant to reflect price changes for comparable home.

According to the Denver Metro Association of Realtors’ (DMAR) latest market trend report, more homes over the $1 million mark sold in May than ever before. A total of 179 luxury properties (including both single-family homes and condos) closed in this timeframe, up 21 percent over April and 39 percent over May 2016.

Denver’s housing market has been booming the last few years. Even though things have cooled off some it is still typical for homes to sell within 30 to 60 days of hitting the market. This is thanks to Colorado being a fast growing state, where there has been an increase of over 100,000 people over the last few years.

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