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

6,188

new listings

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%

new listings v. closed sales

by market segment

Click chart to enlarge; scroll down to see how to read the chart

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

9,102

total homes available

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

inventory movement

Click chart to enlarge; scroll down to see how to read the chart

As the weather warms, more inventory is coming to market, with nearly 26% more homes available for purchase over last month

Data source: DMAR Real Estate Market Trends Report

The Denver Metro Area encompasses 11 counties: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park.

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