Denver Realtor Reviews: Denver Real Estate Market Statistics November 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 November 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 November 2018” by clicking here.

 

Denver Realtor Reviews Denver Real Estate Market Statistics Map November 2018

 

Youtube Video of Denver Real Estate Market Statistics Through November 2018

 

 

The average price for a home in Denver was $460,429 at the end of November 2018. The median price for a home in Denver was $395,000 at the end of November 2018. There were 3,965 homes sold in November 2018. There was 1.989 months of real estate inventory in and around Denver at the end of November 2018. There were 3,867 new real estate listings in and around Denver during November 2018. The median days on market for real estate listings in and around Denver was 18 days for November 2018.

 

These Denver real estate market statistics are from the Denver MLS (REColorado.com) . They reflect real estate sales data for the end of November 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 November 2018 Average Sales Price 12 month

Denver Realtor Reviews Denver Real Estate Market Statistics November 2018 Average Sales Price 5 Year

 

The average home price in Metro Denver is up 6.0% Year Over Year from $434,396 in November 2017 to $460,459 in November 2018. The average home price in Metro Denver is down 2% Month Over Month from $469,438 in October 2018. 

 

The median home price in Metro Denver, Colorado

 

Denver Realtor Reviews Denver Real Estate Market Statistics November 2018 Median Sales Price 12 month

Denver Realtor Reviews Denver Real Estate Market Statistics November 2018 Median Sales Price 5 Year

 

The median home price in Metro Denver is up just over 5.2% Year Over Year from $375,300 in November 2017 to $395,000 in November 2018. The median home price in Metro Denver is 1.3% less than the median home price in October 2018 of $399,950.

 

Number of Metro Denver real estate sales

 

Denver Realtor Reviews Denver Real Estate Market Statistics November 2018 Number Of Sales 12 month

Denver Realtor Reviews Denver Real Estate Market Statistics November 2018 Number Of Sales By Price Point

 

There were 3,965 metro Denver real estate sales in November 2018, about 21.3% less than the 4,809 real estate sales in November 2017 and about 12.6% less than the 4,466 metro Denver real estate sales in the prior month. For November 2018, the highest number of sales occurred in the $350,000 – $400,000 price point.

 

Number of new Metro Denver real estate listings

 

Denver Realtor Reviews Denver Real Estate Market Statistics November 2018 Number Of New Listings 12 month

There were 3,867 new Denver real estate listings in November 2018, which is about 4.4% more than the 3,704 new listings in November 2017 and about 37% less than the 5,294 new listings in October 2018. 

 

Months of Metro Denver real estate inventory

 

Denver Realtor Reviews Denver Real Estate Market Statistics November 2018 Months Of Inventory 12 month

 

There was an average of 1.989 months of inventory on the market in November 2018.

 

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

 

Denver Realtor Reviews Denver Real Estate Market Statistics November 2018 Days On Market Median 12 month

Denver Realtor Reviews Denver Real Estate Market Statistics November 2018 Days On Market Median By Price Point

 

At 18 days, the median days on market is 5 days more than November 2017 and 4 more days than October 2018. 

 

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

 

The real estate market within a 30 mile radius of Denver Colorado remains in seller’s favor, but it is quickly transitioning in buyers favor. Bidding wars are less frequent. And with about s2 months of inventory, we are closer to the 3 months of inventory equilibrium. Homes that are not move-in ready are selling more slowly than they had, as more move-in ready options are sitting on the market longer.  


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

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