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 closed
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
6,810
new listings
new listings v. closed sales
by segment
While down 1% from April overall, new listings outpaced closed homes across each segment, providing more options to buyers
5,725
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
10,014
total homes available
inventory movement
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
The Denver Metro Area encompasses 11 counties: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park.
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