Highlights

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

5,445

homes clsoed

6,810

new listings

sales price breakdown

$714,495

average sale price for a home purchased during the month

$615,000

half of the homes sold were purchased for this amount or less

$36,000

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

new listings v. closed sales

by segment

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

While down 1% from April overall, new listings outpaced closed homes across each segment, providing more options to buyers

5,725

homes under contract

9,102

total homes available

days on market by segment

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

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

inventory movement

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

By adding new listings to homes available at the end of April, it shows buyers had 10% more homes to choose from 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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