Denver Realtor Reviews: Denver Real Estate Market Statistics June 2018

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.

 

Denver Realtor Reviews: Denver Real Estate Market Statistics June 2018

 

These Denver Real Estate Market Statistics are based on homes in the REColorado.com MLS within 30 miles of downtown Denver. Download a pdf version of “Denver Realtor Reviews: Denver Real Estate Market Statistics June 2018” by clicking here.

 

Denver Realtor Reviews: Denver Real Estate Market Statistics

 

Youtube Video of Denver Real Estate Market Statistics Through June 2018

 

 

The average price for a home in Denver was $488,890 at the end of June 2018. The median price for a home in Denver was $419,900 at the end of June 2018. There were 5,704 homes sold in June 2018. There were 1.321 months of real estate inventory in and around Denver at the end of June 2018. There were 7,313 new real estate listings in and around Denver at the end of June 2018. The median days on market for real estate listings in and around Denver was 6 days for June 2018.

 

These Denver real estate market statistics are from the Denver MLS (REColorado.com) . They reflect real estate sales data for the end of May 2018. 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

 

Denver Realtor Reviews: Denver Real Estate Market Statistics

Denver Realtor Reviews: Denver Real Estate Market Statistics

 

The average home price in Metro Denver is up almost 8.5% Year Over Year from $450,618 in June 2017 to $488,890 in June 2018. The average home price in Metro Denver is up 0.77% Month Over Month from $485,148 in May 2018.

 

The median home price in Metro Denver, Colorado

 

Denver Realtor Reviews: Denver Real Estate Market Statistics

Denver Realtor Reviews: Denver Real Estate Market Statistics

 

The median home price in Metro Denver is up over 10.5% Year Over Year from $380,000 in June 2017 to $420,00 in June 2018. The median home price in Metro Denver is approximately 0.6% more than the median home price in May 2018 of $417,500.

 

Number of Metro Denver real estate sales

 

Denver Realtor Reviews: Denver Real Estate Market Statistics

Denver Realtor Reviews: Denver Real Estate Market Statistics

 

There were 5,704 metro Denver real estate sales in June 2018, about 3.5% less than the 5,906 real estate sales in June 2017 and fairly equal to the 5,770 metro Denver real estate sales in the prior month. For June 2018, the highest number of sales occurred in the $350,00 – $400,000 price point.

 

Number of new Metro Denver real estate listings

 

Denver Realtor Reviews: Denver Real Estate Market Statistics

Denver Realtor Reviews: Denver Real Estate Market Statistics

 

There were 7,313 new Denver real estate listings in June 2018, which is about 4% less than the 7,630 new listings in May 2018 and about 3% less than the 7,540 new listings in June 2017. The highest number of new listings this month was in the $350,000 to $400,000 price range.

 

Months of Metro Denver real estate inventory

 

Denver Realtor Reviews: Denver Real Estate Market Statistics

Denver Realtor Reviews: Denver Real Estate Market Statistics

There was an average of 1.321 months of inventory on the market in June 2018.

 

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

 

Denver Realtor Reviews: Denver Real Estate Market Statistics

Denver Realtor Reviews: Denver Real Estate Market Statistics

 

At 6 days, the median days on market is the same as June 2017 and 1 more day than May 2018.

 

Denver Realtor Reviews: Denver Real Estate Market Statistics June 2018 Conclusion

 

The real estate market within a 30 mile radius of Denver Colorado remains a strong sellers market, especially under $400,000. It has been my experience, and the numbers seem to prove, that the closer you get to $500,000 and if you go higher, there is less competition in general and you get a lot more home for the money at this point in time.

 

 


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

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