Denver Real Estate Market Statistics September 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 September 2016 here.

Denver Real Estate Market Statistics September 2016

These Denver Real Estate Market Statistics are based on homes in the REColorado.com MLS within 30 miles of downtown Denver.

Denver Real Estate Market Statistics September 2016


Denver Realtor Reviews: Denver Real Estate Market Statistics September 2016

 

The average price for a home in Denver was $404,335 at the end of September 2016. The median price for a home in Denver was $350,000 at the end of September 2016. Sales volume in September was $2.266 billion. There were 5,604 real transactions in September 2016. There is approximately 1.4 months of real estate inventory in and around Denver. There were 6,502 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 26 days for September. And the median days on market was 11.

 

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.

Youtube Video of Denver Real Estate Market Statistics September 2016

 

 


The average home price in Metro Denver, Colorado

 

The average home price in Metro Denver is up almost 13.9% Year Over Year from $354,864 in September 2015 to $404,335 in September 2016. The average home price in Metro Denver is down almost 2% Month Over Month from $412,417 in July 2016. This is the 3rd strait month of decline but this matches the previous year’s pattern.

Denver Real Estate Market Statistics September 2016

Denver Real Estate Market Statistics September 2016

 


The median home price in Metro Denver, Colorado

 

The median home price in Metro Denver is up almost 12% Year Over Year from $307,500 in September 2015 to $350,000 in September 2016. The median home price in Metro Denver is 1.1% less than the median home price in August 2016.

Denver Real Estate Market Statistics September 2016

Denver Real Estate Market Statistics September 2016


Metro Denver real estate sales volume

 

Metro Denver real estate sales volume went down 10% month over month to $2.266 billion continuing the traditional seasonal slowdown and was 24.3% higher than the $1.823 billion in sales in September of 2015.

Denver Real Estate Market Statistics September 2016

Denver Real Estate Market Statistics September 2016


Number of Metro Denver real estate sales

 

There were 5,604 metro Denver real estate sales in September 2016, almost 9% more than September 2015 and 8.7% less than August 2016. The decrease in sales in September seems to follow the normal seasonal trajectory that was not present the prior month. I also modified my new statistic which may be interesting over time to see the number of sales at various price ranges, for the current month only.

Denver Real Estate Market Statistics September 2016

Denver Real Estate Market Statistics September 2016

Denver Real Estate Market Statistics September 2016


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 1.41 months of metro Denver real estate inventory at the end of September 2016.

Denver Real Estate Market Statistics September 2016

Denver Real Estate Market Statistics September 2016


Number of Metro Denver real estate listings inventory

 

At the end of September 2016 there were 6,502 Denver real estate listings which is about 8% less than the 7,087 listings at the end of August 2016 and 12.9% more than the 5,757 listings at the end of September 2015. This is a significant increase in homes available for sale from the prior year, and the seasonal decrease appears to follow seasonal trends. 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.

Denver Real Estate Market Statistics September 2016

Denver Real Estate Market Statistics September 2016


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

 

At 26 days the average days on market for Denver real estate is 2 days longer than August 2016 and is 5 days longer than September 2015. The increase in days on market combined with the increase in inventory follows season trends but seems to also be indicating a slowing of the market.

Denver Real Estate Market Statistics September 2016

Denver Real Estate Market Statistics September 2016


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

 

At 9 days, the median days on market is 2 days more than the prior month and August 2016 . This is just 1 day longer than August 2015.

Denver Real Estate Market Statistics September 2016

Denver Real Estate Market Statistics September 2016


Summary of Denver Real Estate Market Statistics September 2016

Prices are decreasing along seasonal norms. Inventory is increasing along seasonal norms, although it remains historically low. Anecdotally, agents feel like the market is slowing more than seasonally. And winter my be much more friendly to buyers than it was last year. 

 


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

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