Key Takeaways 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.
Read Denver Metro Association of Realtor’s full report on May Real Estate trends and statistics in Denver here.
And as always, please let us know if you have any questions!