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 38,190 25,407
Average Sales Price $474,940 $514,764 8.4%
Median Sales Price $406,503 $440,001 8.2%
Average Days to Contract 33 28 -15%

 

(Single Family Homes – % Under Contract)

SINGLE FAMILY HOMES Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
UNDER $250K 72% 60% 69% 69% 77%   74% 79% 85% 78% 72% 62% 67% 69%
$250K-$500K 61% 56% 61% 64% 69%   7% 73% 72% 73% 66% 59% 55% 53%
$500K-$750K 42% 37% 40% 40% 43%   51% 53% 56% 55% 49% 46% 41% 38%
$750K-$1MM 33% 27% 26% 34% 34%   36% 42% 45% 46% 41% 38% 33% 30%
$1MM-$1.5MM 20% 20% 23% 24% 30%   31% 36% 33% 33% 34% 30% 28% 27%
$1.5MM-$2MM 22% 18% 21% 19% 19%   22% 24% 29% 29% 24% 22% 25% 21%
$2MM + 16% 10% 15% 15% 15%   22% 22% 25% 21% 18% 21% 16% 17%
OVERALL % U/C             57% 62% 60% 60% 54% 50% 46% 47%

 

(Single Family Homes – Inventory)

SINGLE FAMILY HOMES Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
DENVER 9831 9548 9053 8262 6853   5673 6398 7199 8292 8970 9285 9391 8953

 

(Single Family Homes – # Sold)

SINGLE FAMILY HOMES Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
DENVER 2953 3545 3003 3026 2877   1861 2026 2678 2804 3759 3869 3506 3509

 

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

SINGLE FAMILY HOMES Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
DENVER             4.4 2.5 2.88 2.54 3.41 3.27 3.02 2.67