Denver Realtor Reviews: Denver Real Estate Market Statistics March 2016

Denver Realtor Reviews: Denver Real Estate Market Statistics March 2016

The average price for a home in Denver was $385,828 at the end of March 2016. The median price for a home in Denver was $340,000 at the end of March 2016. Sales volume in March was just under $1.757 billion. There were 4,554 real transactions in March 2016. There is approximately 1.352 months of real estate inventory in and around Denver. There were 6,158 real estate listings in and around Denver at the end of March 2016. The average days on market for real estate listings in and around Denver was 31 days for March. And the median days on market was 16.

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

Download a full PDF of the March 2016 Denver Real Estate Market Statistics here.


Denver Realtor Reviews: Denver Real Estate Market Statistics March 2016 on YouTube


The average home price in Metro Denver, Colorado

The average home price in Metro Denver is up 8.7% Year Over Year from $354,887 in March 2015 to $385,828 in March 2016. The average home price in Metro Denver is up almost 4.2% Month Over Month from $370,167 in February 2016.

Average Sales Price Chart March 2016

 

Average Sales Price Data March 2016

Average Sales Price Data 5 Year March 2016

 


The median home price in Metro Denver, Colorado

The median home price in Metro Denver is up almost 9% Year Over Year from $312,000 in March 2015 to $340,000 in March 2016. The median home price in Metro Denver is up a little more than 4.6% Month Over Month from $325,000 in February 2016.

Median Sales Price Chart

Median Sales Price Data

Median Sales Price 5 Year


Real estate sales volume in Metro Denver, Colorado

Real estate sales volume is up 38% month over month seasonally and relatively flat year over year in Metro Denver, Colorado.  Sales volume was 1.757 Billion in March 2016.
Sales Volume Chart March 2016

Sales Volume Data March 2016

Sales Volume 5 Year March 2016

 


Number of real estate sales in Metro Denver, Colorado

There were 4,554 real estate sales in March 2016, almost 2% less than March 2015 but almost 33% more than February 2015.

Number Of Sales Chart March 2016

 

Number Of Sales Data March 2016

Number Of Sales 5 Year March 2016

 


Months of real estate inventory in Metro Denver, Colorado

Year over year and month over month, the amount of real estate inventory has decreased, but is just above 1 months of inventory on the market. This is dramatically below previous year’s inventory levels.

Months Of Inventory Chart March 2016

Months Of Inventory Data March 2016

 

Months Of Inventory 5 Years March 2016

 


Number of real estate listings inventory in Metro Denver, Colorado

At the end of March 2016 there were 6,158 real estate listings which is almost 3% more than the 5,955 listings at the end of February 2016 and almost 3% less than the 6,348 listings at the end of March 2015. This indicates a shortage of homes available for sale extending beyond seasonal trends.

Active Listings Chart March 2016

Active Listings Data March 2016

Active Listings 5 Year March 2016


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

At 38 days the average days on market is 6 days shorter than February 2015 and 2 days less than March 2015. This is dramatically below previous years averages.

Days On Market Average March 2016

Days On Market Data March 2016

Days On Market Average 5 Year March 2016

 


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

At 6 days, the median days on market is 4 days shorter than February 2016 and the same as  March 2015. This is dramatically below previous years averages.

Median Days On Market Chart March 2016

Median Days On Market Data March 2016

Median Sales Price 5 Year March 2016

 


Summary of Denver Real Estate Market Conditions

Prices are still increasing, but the increase decreased to 8% year over year price increases. Inventory is lower than ever and despite the decrease in the number of sales, days on the market is at a record low. All of this leads me to conclude that we are still in a strong Seller’s Market with just more than 1 month of inventory and a lot less than a 90 day average days on market. And this data does not reflect the dramatic shortage of entry level homes and homes under $300,000. Bidding wars are common and appraisals are frequently coming up short of the purchase price.


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 Why do we care about radon?   Denver Radon MitigationGoogle Places Logo Why do we care about radon?   Denver Radon MitigationLinkedIn Logo Why do we care about radon?   Denver Radon MitigationZillow Logo 150x150 Why do we care about radon?   Denver Radon MitigationYelp Logo 150x150 Why do we care about radon?   Denver Radon Mitigation

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