Denver Real Estate Market Statistics July 2016

Denver Realtor Reviews: Denver Real Estate Market Statistics July 2016

The average price for a home in Denver was $406,413 at the end of July 2016. The median price for a home in Denver was $350,000 at the end of July 2016. Sales volume in July was just under $2.265 billion. There were 5,574 real transactions in July 2016. There is approximately 1.685 months of real estate inventory in and around Denver. There were 9,388 real estate listings in and around Denver at the end of July 2016. The average days on market for real estate listings in and around Denver was 20 days for July. And the median days on market was 6.

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.

Download a pdf of the full Denver Real Estate Market Report for July 2016 here.


YouTube video of the Denver Real Estate Market Report for July 2016 here or below.

 


The average home price in Metro Denver, Colorado

The average home price in Metro Denver is up 11.7% Year Over Year from $363,969 in July 2015 to $406,413 in July 2016. The average home price in Metro Denver is down almost 2.3% Month Over Month from $416,146 in June 2016.

Average Home Price Denver July 2016 12 Month Statistic

Average Home Price Denver July 2016 12 Month Statistic

Average Home Price Denver July 2016 12 Month

Average Home Price Denver July 2016 12 Month

Average Home Price Denver July 2016 5 Year

Average Home Price Denver July 2016 5 Year

The median home price in Metro Denver, Colorado

The median home price in Metro Denver is up almost 12.4% Year Over Year from $311,500 in July 2015 to $350,000 in July 2016. The median home price in Metro Denver is down a little more than 2.8% Month Over Month from $360,000 in June 2016.

Median Home Price Denver July 2016 12 Month Statistic

Median Home Price Denver July 2016 12 Month Statistic

Median Home Price Denver July 2016 12 Month Chart

Median Home Price Denver July 2016 12 Month Chart

Median Home Price Denver July 2016 5 Year Chart

Median Home Price Denver July 2016 5 Year Chart

Real estate sales volume in Metro Denver, Colorado

Real estate sales volume is down 9.6% month over month starting the traditional seasonal slowdown but also down 3.6% year over year in Metro Denver, Colorado. Sales volume was 2.265 Billion in July 2016.

Home Sales Volume Denver July 2016 12 Month Statistics

Home Sales Volume Denver July 2016 12 Month Statistics

Home Sales Volume Denver July 2016 12 Month Chart

Home Sales Volume Denver July 2016 12 Month Chart

Home Sales Volume Denver July 2016 5 Year Chart

Home Sales Volume Denver July 2016 5 Year Chart

Number of real estate sales in Metro Denver, Colorado

There were 5,574 real estate sales in July 2016, almost 13.6% less than July 2015 but and 7.5% less than June 2016. The month over month decrease can be attributed to seasonal patterns but the year over year decrease is dramatic.

Number Of Home Sales Denver July 2016 12 Month Statistic

Number Of Home Sales Denver July 2016 12 Month Statistic

Number Of Home Sales Denver July 2016 12 Month Chart

Number Of Home Sales Denver July 2016 12 Month Chart

Number Of Home Sales Denver July 2016 5 Year Chart

Number Of Home Sales Denver July 2016 5 Year Chart

Months of real estate inventory in Metro Denver, Colorado

At the end of July 2016 there were 9,388 real estate listings which is 3.3% more than the 9,082 listings at the end of June 2016 but 8.4% less than the 10,252 listings at the end of July 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.

Months Of Real Estate Inventory Denver July 2016 12 Month Statistic

Months Of Real Estate Inventory Denver July 2016 12 Month Statistic

Months Of Real Estate Inventory Denver July 2016 12 Month Chart

Months Of Real Estate Inventory Denver July 2016 12 Month Chart

Months Of Real Estate Inventory Denver July 2016 5 Year Chart

Months Of Real Estate Inventory Denver July 2016 5 Year Chart

Number of real estate listings inventory in Metro Denver, Colorado

At the end of July 2016 there were 9,388 real estate listings which is 3.3% more than the 9,082 listings at the end of June 2016 and 8.4% less than the 10,252 listings at the end of July 2015. This is a significant decrease in homes available from 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.

Number Of Active Real Estate Listings Inventory Denver July 2016 12 Month Statistic

Number Of Active Real Estate Listings Inventory Denver July 2016 12 Month Statistic

Number Of Active Real Estate Listings Inventory Denver July 2016 12 Month Chart

Number Of Active Real Estate Listings Inventory Denver July 2016 12 Month Chart

Number Of Active Real Estate Listings Inventory Denver July 2016 5 Year Chart

Number Of Active Real Estate Listings Inventory Denver July 2016 5 Year Chart

 

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

At 20 days the average days on market is 1 day shorter than June 2016 and matches July 2015. This is dramatically below previous years averages and with the decrease in inventory will not change significantly in the coming months.

Average Days On Market Real Estate Denver July 2016 12 Month Statistic

Average Days On Market Real Estate Denver July 2016 12 Month Statistic

Average Days On Market Real Estate Denver July 2016 12 Month Chart

Average Days On Market Real Estate Denver July 2016 12 Month Chart

Average Days On Market Real Estate Denver July 2016 5 Year Chart

Average Days On Market Real Estate Denver July 2016 5 Year Chart

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

At 6 days, the median days on market matches the prior month and July 2015. This is just 1 day longer than the recent low of 5 median days on market in April 2015.

Median Days On Market Real Estate Denver July 2016 12 Month Statistic

Median Days On Market Real Estate Denver July 2016 12 Month Statistic

Median Days On Market Real Estate Denver July 2016 12 Month Chart

Median Days On Market Real Estate Denver July 2016 12 Month Chart

Median Days On Market Real Estate Denver July 2016 5 Year Chart

Median Days On Market Real Estate Denver July 2016 5 Year Chart

Summary of Denver Real Estate Market Conditions

Year over year price increases of over 12% correspond with near record low levels of inventory. But the decrease in the number of sales and the month over month decrease in sales prices may indicate a weakening of demand. There are have been suggestions in the news that prices have reached a threshold that limits the ability or desire of a large number of buyers to enter the market. And this data does not reflect the dramatic shortage of entry level homes and homes under $300,000. Bidding wars remain very common in the entry level home market while there is a surplus of luxury homes.


Create a custom search of active homes for sale in the real time Denver MLS IDX herehttp://denverhomesales.info/propertysearch/


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

blue seal 187 130 denverrealtorchristophergibson 90231814 Denver Realtor Reviews: Denver Real Estate Market Statistics March 2016Google Places Logo Denver Realtor Reviews: Denver Real Estate Market Statistics March 2016LinkedIn Logo Denver Realtor Reviews: Denver Real Estate Market Statistics March 2016Zillow Logo 150x150 Denver Realtor Reviews: Denver Real Estate Market Statistics March 2016Yelp Logo 150x150 Denver Realtor Reviews: Denver Real Estate Market Statistics March 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