Denver Monthly Market Update – Condominium/Townhome

Denver Metro Area – Condominiums and Townhomes (Attached Dwellings)

 

Denver includes the 6 counties that makeup the Metro area (Adams, Arapahoe, Broomfield, Denver, Douglas and Jefferson).  Information provided by ReColorado/Matrix Information Services.

YTD Comparison:

DENVER ATTACHED DWELLINGS 2017 YTD 2018 % Change
Total Units Sold 15,995 6,154
Average Sales Price $316,406 $347,358 +9.7%
Median Sales Price $266,700 $294,000 +10.2%
Average Days to Contract 42 60 +42%

 

(Attached Dwellings – % Under Contract)

ATTACHED DWELLINGS Apr 17’ May 17’ Jun 17’ Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’
UNDER $250K 78% 72% 74% 71% 66% 67% 67% 72%   76% 77% 80% 78% 73%
$250K-$500K 68% 62% 63% 62% 56% 57% 59% 62%   67% 68% 68% 67% 64%
$500K-$750K 45% 46% 46% 42% 37% 42% 45% 47%   52% 52% 55% 54% 51%
$750K – $1MM 48% 32% 30% 23% 35% 33% 33% 42%   36% 38% 33% 42% 43%
$1MM + 27% 32% 21% 25% 25% 29% 35% 33%   40% 35% 37% 36% 37%
OVERALL                   64% 64% 65% 65% 61%

 

 

(Attached Dwellings – Inventory)

ATTACHED DWELLINGS Apr 17’ May 17’ Jun 17’ Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’
DENVER 3328 3557 3706 3809 3833 3804 3598 3106   2763 2956 3165 3449 3575

 

 

(Attached Dwellings – # Sold)

ATTACHED DWELLINGS Apr 17’ May 17’ Jun 17’ Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’
DENVER 1256 1479 1505 1148 1563 1266 1305 1242   858 950 1210 1198 1452

 

(Attached Dwellings – Absorption Rate in Months) Based off 6-month sales average

ATTACHED DWELLINGS Apr 17’ May 17’ Jun 17’ Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’
DENVER                 1.63 4.17 2.63 2.83 2.65 3.15