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Denver Real Estate Market Report for May 2017

Average home prices in the Denver area have continued on an upward projectory with a new high of $449,736. This is up 2.84 percent from last month and up 9.83 percent from a year ago.
5,895 active listings were on the market at the end of April for all of Denver Metro. This includes the 11 counties of Denver metro area: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Ddenver, Douglas, Elbert, Gilpin, Jefferson, and Park
- This was a 9.96 percent jump from the month prior: April 2017 had 5,361 active listings
5,320 homes sold in May 2017 in the Denver metro area
- April 2017 had 4,389 homes sell
7,224 new listings went on the market for the month
- This was a bump from April’s 6,574 new listings
Fingers are crossed all around town that a recent change in condo defect measure will encourage more developers into creating condos. The Coloradan is creating quite a buzz as a much anticipated condo project. It will bring 334 units to Union Station neighborhood in Fall of 2018.