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Denver Real Estate Market Report for February 2018

Denver Real Estate Market Report for February 2018

The average sold price in February 2018 rose 12.53% percent from the average price in February 2017. Active inventory went up 5.56 percent from last month (DMAR). See below for our full report for February 2018 and please let us know if you have any questions. We email this market infographic report on the Denver Real Estate Market out each month. To get on that email list, please reach out to and request to be added!

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Key Takeaways for February 2018 via DMAR for Metro Denver:

  • Active Inventory was up 5.56% compared to last month and was 5.31% higher from February 2017
    • February 2018 Active Listings: 4,084
    • January 2018 Active Listings: 3,869
    • December 2017 Active Listings: 3,854
    • November 2017 Active Listing: 5,131
    • October 2017 Active Listing: 6,312
    • September 2017 Active Listings: 7,586
    • August 2017 Active Listings: 7,360
  • Median Sales Price for a condo in Metro Denver in February 2018 was $296,000
    • January 2018 was $285,000
    • Same as December 2017 at: $285,000
    • Up from November 2017: $272,000
    • Down from October 2017: $275,000
    • Up from September 2017: $268,000
    • Down from August’s $275,000
    • And up from July’s $270,100
  • Median Sales Price a single-family residence in Metro Denver in February 2018 was: $435,000
    • January 2018 was $416,000
    • Up from December 2017: $415,000
    • Up from November 2017: $405,000
    • Down from October 2017: $415,000
    • Down from September 2017: $409,000
    • Down just slightly from August’s 2017: $410,000
    • And down from July’s $420,000

An Overview of the National Market:

  • “According to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, sales of new single-family homes fell by 7.8 percent over the month of January…The decline in sales over the month of January coincides with an increase in interest rates.” – NAHB, New Single-family Home Sales Start 2018 Lower
  • “Another data report reaffirmed the seemingly non-stop rise in home prices during 2017, with the new S&P CoreLogic Case-Shiller Indices report tracking more upticks during December. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 6.3 percent annual gain in December, up from 6.1 percent in the previous month.” – NMP, No Surprise Here: Home Prices Are Still Increasing
  • “The Federal Housing Finance Agency (FHFA) reported that contract mortgage rates rose by four basis points to 4.05 percent in January 2018.” – NAHB, Mortgage Rates Rise

What’s Happening in Denver:

Report for Metro Denver:

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Read Denver Metro Association of Realtor’s full report on last month’s Real Estate trends and statistics in Denver here.


And as always, please let us know if you have any questions!

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