February Market Stats for Denver, CO
The Metro Denver real estate market is experiencing a delightful spring awakening, as seen in the latter part of February. The vibe is positively buzzing, especially for those considering detached single-family homes. While the inventory slightly increased in February, creating a snug market feel, the surge in buyer engagement and pending transactions paints a hopeful picture.
“Understanding the current market’s nuances, especially around Spring Breaks and Easter holidays, is vital for those looking to make intelligent buying or selling decisions. Stay informed, stay agile, and welcome to a vibrant spring in Metro Denver real estate.” – Jenny Usaj, Broker Owner of Usaj Realty
At Usaj Realty, we don’t believe in our buyers going in blind. Look over February’s Denver Housing Market statistics below, to keep yourself in the know.
Home Prices Up 2.41% Percent From Last Year
- In February 2024, the average residence sold for $676,575
- The average single-family home sold for $753,920
- Whereas the average attached home sold for $469,923
February Interest Rates Update
The Bottom Line
The latest report from the Denver Metro Association of Realtors (DMAR) states that there are currently 5,511 attached and detached homes available in the entire Denver Metro area. Pushing at nearly a 50% increase in available properties, the numbers are up by 45.87% from February 2023. Meanwhile, affordability remains in the same range we’ve been seeing over the last year. The median sales price is $576,584 this past month, a little over a 2% increase from 2023. Leaving February 2023 at the slightly lower median price of $563,000.
There are 4,243 new homes hitting the market this Spring season, showing a slight bump from the 500 less this time last year: 3,778. The average days on market the Denver Metro area is experiencing is at a low -2.08%.
Unsure about how these stats impact you directly? Get a comprehensive market analysis of your particular neighborhood, and don’t miss out on utilizing a Usaj Realty expert as the numbers in each part of town vary greatly.
Quick Stats
The February Denver Housing Market Quick Stats covers active listings, highs and lows, and new listings with direct comparisons to previous record breaking reports below:
What makes Usaj Realty stand out?
Founded in 2011, Usaj Realty takes pride making our home sellers and buyers goals, our own. We are with you from the beginning to create financial stability, and ease of mind from start to finish. We know the importance of securing generational wealth for the future, and we believe we’re the best fit for the job. Get in touch with our outstanding agents today to receive guidance on the February Market Stats and the flourishing Denver housing market coming with the warmer weather.
