Denver Market Conditions
We are proud to provide montly reports to the Local Market Conditions in nearly a dozen cities in the Denver South area to Realtor.com and to RealtyTimes.com. The Denver real estate market, while still in flux, offers many opportunities for a variety of buyers including first-time home buyers, families relocating to the Denver area and investors. Interest rates, while volatile, continue to hold their ground towards the low to mid 6% range. Home inventories remain high and the large volume of properties offer much variety for the home shopper. Begin your search for Denver's Home Appreciation Rates today.
For the home seller, hope is on the horizon as home prices stabilize. Our Market Intelligence reports will provide you with color charts and market stats for the past 12 months in many cities in Denver South. While we don’t know exactly when the market prices will rebound we know the market is cycular in nature. As the glut of foreclosures and distressed properties is consumed home inventories will be reduced and values will increase accordingly.
Contact us today if you have questions about Denver's developing market trends. We'll be glad to provide you with a free personalized home valuation and/or help you to buy or sell your Denver area home.
Monthly Comparison ~ 2008
| Denver Market Snapshot | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD | |
Single Family | |||||||||||||
Active | 24,489 | 25,037 | 25,516 | 26,171 | 26,333 | 26,104 | 25,673 | 25,618 | |||||
| Avg List Price | $391,288 | $398,840 | $410,380 | $422,620 | $435,107 | $444,399 | $452,557 | $422,170 | |||||
Under Contract | 4,550 | 5,126 | 5,874 | 6,287 | 6,338 | 6,308 | 5,878 | 40,361 | |||||
Sold | 2,987 | 3,001 | 3,709 | 4,265 | 4,664 | 4,845 | 5,123 | 28,594 | |||||
Avg DOM | 114 | 114 | 111 | 106 | 100 | 97 | 98 | 104 | |||||
Avg Sold Price | $256,569 | $255,363 | $254,011 | $247,583 | $255,944 | $267,005 | $262,224 | | $257,450 | ||||
| % of List | 96% | 97% | 97% | 97% | 97% | 97% | 97% | 97% | |||||
| % of Orig | 91% | 67% | 72% | 91% | 92% | 93% | 92% | 85% | |||||
| Expired | 2,932 | 1,609 | 1,409 | 1,438 | 1,436 | 1,381 | 1,726 | 11,931 | |||||
Residential | |||||||||||||
| Active | 18,716 | 19,067 | 19,509 | 20,054 | 20,287 | 20,105 | 19,788 | 19,647 | |||||
| Avg List Price | $427,067 | $437,033 | $450,183 | $464,917 | $480,337 | $490,076 | $497,935 | $463,935 | |||||
| Under Contract | 3,658 | 4,144 | 4,750 | 5,068 | 5,116 | 5,091 | 4,764 | 32,591 | |||||
| Sold | 2,351 | 2,342 | 2,951 | 3,353 | 3,717 | 3,847 | 4,154 | 22,715 | |||||
| Avg DOM | 113 | 111 | 109 | 103 | 99 | 94 | 97 | 102 | |||||
| Median Price | $216,950 | $221,486 | $224,900 | $222,550 | $226,500 | $230,000 | $229,200 | $225,000 | |||||
| Avg Price | $281,203 | $278,871 | $274,693 | $267,258 | $276,374 | $286,887 | $283,860 | $278,717 | |||||
| % of List | 96% | 97% | 97% | 97% | 97% | 97% | 97% | 97% | |||||
| % of Orig | 90% | 64% | 84% | 91% | 92% | 92% | 92% | 87% | |||||
| Expired | 2,137 | 1,248 | 1,093 | 1,112 | 1,124 | 1,086 | 1,337 | 9,137 | |||||
Condo/Townhouse | |||||||||||||
| Active | 5,773 | 5,970 | 6,007 | 6,117 | 6,046 | 5,999 | 5,885 | 5,971 | |||||
| Avg List Price | $275,292 | $276,859 | $281,113 | $283,953 | $283,342 | $291,319 | $299,974 | $284,550 | |||||
| Under Contract | 892 | 982 | 1,124 | 1,219 | 1,222 | 1,217 | 1,114 | 7,770 | |||||
| Sold | 636 | 659 | 758 | 912 | 947 | 998 | 969 | 5,879 | |||||
| Avg DOM | 116 | 123 | 118 | 119 | 104 | 108 | 100 | 111 | |||||
| Median Price | $134,000 | $133,750 | $132,000 | $134,500 | $148,000 | $148,345 | $149,000 | $140,000 | |||||
| Avg Price | $165,510 | $171,817 | $173,493 | $175,245 | $175,758 | $190,367 | $169,474 | $175,280 | |||||
| % of List | 97% | 97% | 97% | 97% | 97% | 97% | 95% | 97% | |||||
| % of Orig | 93% | 90% | 39% | 92% | 94% | 93% | 91% | 79% | |||||
| Expired | 795 | 361 | 316 | 326 | 312 | 295 | 389 | 2,794 | |||||
*Based upon information from Metrolist, Inc. for the period of 1/1/2008 through 7/31/2008. This representation is based in whole or in part on data supplied by Metrolist, Inc.. Metrolist Inc. does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist, Inc. may not reflect all real estate activity in the market.