Highlights
Inventory continues to climb with the warmer weather as April ended with 44% more available listings than we saw at the end of March
Whilst most homes went under contract after 4 days, the overall average is 8 days, 3 days less than the March average & a full week less than February
The average sales price was up another $25k to $727k for all homes sold, yet the condo/MF segment remained flat at $495k (worth watching!)
inside the numbers
4,912
homes clsoed
sales price breakdown
$726,988
average sale price for a home purchased during the month
$624,950
half of the homes sold were purchased for this amount or less
$47,560
average amount over list price for homes closed during the month
Average & median sales price rose nearly $25k each, as close-to-list continues to push new highs at 107%
6,188
new listings
new listings v. closed sales
by market segment
Overall new listings were up 14% over March and outpaced closed homes across each segment, a helpful boost to inventory
5,725
homes under contract
days on market
8
average number of days for a home to go under contract during the month
4
half of the homes listed were under contract in this number of days or less
Homes went under contract 3 days faster on average than last month and 7 days faster on average than we saw in February
9,102
total homes available
inventory movement
As the weather warms, more inventory is coming to market, with nearly 26% more homes available for purchase over last month
The Denver Metro Area encompasses 11 counties: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park.
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