Denver Monthly Market Update – Single Family Homes

Denver Metro Area – Single Family Homes (Detached)

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 SINGLE FAMILY HOMES 2017 YTD 2018 % Change
Total Units Sold 38,187 14,211
Average Sales Price $474,944 $514,959 +8.4%
Median Sales Price $406,700 $439,000 +7.9%
Average Days to Contract 33 31 -6%

(Single Family Homes – % Under Contract)

SINGLE FAMILY HOMES 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 83% 77% 82% 72% 60% 69% 69% 77%   74% 79% 85% 78% 72%
$250K-$500K 73% 67% 69% 61% 56% 61% 64% 69%   7% 73% 72% 73% 66%
$500K-$750K 51% 47% 46% 42% 37% 40% 40% 43%   51% 53% 56% 55% 49%
$750K-$1MM 39% 35% 35% 33% 27% 26% 34% 34%   36% 42% 45% 46% 41%
$1MM-$1.5MM 32% 28% 23% 20% 20% 23% 24% 30%   31% 36% 33% 33% 34%
$1.5MM-$2MM 26% 25% 24% 22% 18% 21% 19% 19%   22% 24% 29% 29% 24%
$2MM + 18% 11% 16% 16% 10% 15% 15% 15%   22% 22% 25% 21% 18%
OVERALL % U/C                   57% 62% 60% 60% 54%

 

(Single Family Homes – Inventory)

SINGLE FAMILY HOMES 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 8624 9205 9539 9831 9548 9053 8262 6853   5673 6398 7199 8292 8970

 

(Single Family Homes – # Sold)

SINGLE FAMILY HOMES 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 2938 3640 3910 2953 3545 3003 3026 2877   1861 2026 2678 2804 3759

 

(Single Family Homes – Absorption Rate in Months) Based off 6-month sales average

SINGLE FAMILY HOMES 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                   4.4 2.5 2.88 2.54 3.41