In a sign that the market may be moving toward some normalization, both average & median sales price were down slightly over last month
Available inventory continued its steady & slow climb, with 10% more homes available to buyers over April
All segments remain competitive with a 105% close-to-list-price ratio; the luxury segment was most competitive at 107% (closing $101k over list)
inside the numbers
sales price breakdown
average sale price for a home purchased during the month
half of the homes sold were purchased for this amount or less
average amount over list price for homes closed during the month
Average & median sales price were both down slightly, an indicator the market may finally be moving towards some normalization
homes under contract
days on market by segment
Days on market was up a day to 9 days on average, the break-out by segment provides insight into how homes perform in each price bucket
The Denver Metro Area encompasses 11 counties: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park.
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