Denver Real Estate Market Statistics August 2016

Denver real estate market statistics: How much does a home cost in Denver? How long does it take to sell a home in Denver? How fast are home prices rising in Denver? All this and more answered below. Download a pdf copy of the Denver Real Estate Market Statistics August 2016 here.

Click here to search all homes for sale in the Denver MLS.


YouTube Denver real estate market statics available here.

 


 

 


Denver Realtor Reviews: Denver Real Estate Market Statistics August 2016

The average price for a home in Denver was $400,524 at the end of August 2016. The median price for a home in Denver was $350,000 at the end of August 2016. Sales volume in August was just under $2.347 billion. There were 5,861 real transactions in August 2016. There is approximately 1.621 months of real estate inventory in and around Denver. There were 9,498 real estate listings in and around Denver at the end of August 2016. The average days on market for real estate listings in and around Denver was 23 days for August. And the median days on market was 8.

These Denver real estate market statistics are from the Denver MLS (REColorado.com) . They reflect real estate sales data for the end of July 2016. They do not reflect real estate sales that occurred off market or outside of the Denver MLS.

 


The average home price in Metro Denver, Colorado

The average home price in Metro Denver is up almost 11% Year Over Year from $361,212 in August 2015 to $400,524 in August 2016. The average home price in Metro Denver is down almost 1.2% Month Over Month from $405,423 in July 2016. This is the 2nd strait month of decline but this matches the previous year’s pattern.

Average Home Price Denver August 2016 12 Month

Average Home Price Denver August 2016 5 Year


The median home price in Metro Denver, Colorado

The median home price in Metro Denver is up almost 12% Year Over Year from $312,750 in August 2015 to $350,000 in August 2016. The median home price in Metro Denver is equal to the median home price in July 2016.

Median Home Price Denver August 2016 12 Month
Median Home Price Denver August 2016 5 Year


Metro Denver real estate sales volume

Metro Denver real estate sales volume went up(!) 1.6% month over month to $2.347 billion pausing the traditional seasonal slowdown and was 11.5% higher than the $2.104 billion in sales in August of 2015.

Real Estate Sales Volume Denver August 2016 12 Month

Real Estate Sales Volume Denver August 2016 5 Year


Number of Metro Denver real estate sales

There were 5,861 metro Denver real estate sales in August 2016, almost 0.68% more than August 2015 and 2.8% more than July 2016. The increase in sales in August may be something of a rebound from the dramatic decrease in July. I also pulled a new statistic which may be interesting over time to see the number of sales at various price ranges.

Number Of Real Estate Sales Denver August 2016 12 Month

Number Of Real Estate Sales Denver August 2016 5 Year

Number Of Real Estate Sales Denver August 2016 by price point


Months of Metro Denver real estate inventory

Nothing interesting to see here folks, just months of real estate inventory that seems like it may be as low as it can go. Only 1.62 months of metro Denver real estate inventory at the end of August 2016.

Months Of Real Estate Inventory Denver August 2016 12 Month

Months Of Real Estate Inventory Denver August 2016 5 Year


Number of Metro Denver real estate listings inventory

At the end of August 2016 there were 9,498 Denver real estate listings which is about 4% less than the 9,894 listings at the end of July 2016 and 9.4% less than the 10,389 listings at the end of August 2015. This is a significant decrease in homes available for sale from the prior year, but less than the decrease in the number of home sales. The market remains very tight but is also slowing down on the buyer side. It seems to be following seasonal trends and we should see a significant decrease in November.

Number Of Real Estate Listings Denver August 2016 12 month

Number Of Real Estate Listings Denver August 2016 5 Year


Average days on market for a Metro Denver, Colorado home for sale

At 23 days the average days on market for Denver real estate is 3 days longer than July 2016 and is 1 day longer than August 2015. This is dramatically below previous years averages and with the decrease in inventory will not change significantly in the coming months. This seems like more of the same, inventory that seems like it may be as low as it can go, leaving buyers with not a lot to choose from.

Avergae Days On Market Of Denver Real Estate August 2016 12 Month

 

Avergae Days On Market Of Denver Real Estate August 2016 5 Year


Median days on market for a Metro Denver, Colorado home for sale

At 8 days, the median days on market is 2 days more than the prior month and July 2015. This is just 1 day longer than August 2015.

Median Days On Market Of Real Estate Denver August 2016 12 months

Median Days On Market Of Real Estate Denver August 2016 5 Year

Find public reviews of Denver Realtor and real estate agent Christopher Gibson at the following locations:

blue seal 187 130 denverrealtorchristophergibson 90231814 How Much Does A Home Cost In The Bible Park Neighborhood In Denver August 2016Google Places Logo How Much Does A Home Cost In The Bible Park Neighborhood In Denver August 2016LinkedIn Logo How Much Does A Home Cost In The Bible Park Neighborhood In Denver August 2016Zillow Logo 150x150 How Much Does A Home Cost In The Bible Park Neighborhood In Denver August 2016Yelp Logo 150x150 How Much Does A Home Cost In The Bible Park Neighborhood In Denver August 2016

See all reviews of Denver Realtor and real estate agent Christopher Gibson at http://denverhomesales.info/testimonials/


  1. Find information about how buying a home in around Denver Colorado works at  http://denverhomesales.info/denver-home-buying-info
  2. Find information about my risk free premium Denver home seller services at http://denverhomesales.info/denver-realtor-premium-denver-home-seller-services/
  3. See my list of recommended service professionals at http://denverhomesales.info/denver-service-providers/
  4. Android & iPhone mobile home search app: http://denvermlsapp.com

Speak Your Mind

*

Meet Your Professional

Tel:

Fax:

,

Better Business Bureau

Recent Posts