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

 

Denver Realtor Reviews - Denver Real Estate Market Statistics September 2018 Map

 

Youtube Video of Denver Real Estate Market Statistics Through September 2018

 

 

The average price for a home in Denver was $457,617 at the end of September 2018. The median price for a home in Denver was $400,000 at the end of September 2018. There were 4,244 homes sold in September 2018. There was 2.145 months of real estate inventory in and around Denver at the end of September 2018. There were 5,859 new real estate listings in and around Denver during September 2018. The median days on market for real estate listings in and around Denver was 13 days for August 2018.

 

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

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

 

The average home price in Metro Denver is up 7.4% Year Over Year from $426,347 in September 2017 to $457,617 in September 2018. The average home price in Metro Denver is down 2.7% Month Over Month from $470,043 in August 2018.

 

The median home price in Metro Denver, Colorado

 

Denver Realtor Reviews - Denver Real Estate Market Statistics September 2018 Median Sales Price 12 Month

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

 

The median home price in Metro Denver is up almost 6.7% Year Over Year from $375,000 in September 2017 to $400,0000 in September 2018. The median home price in Metro Denver is approximately 1.8% less than the median home price in August 2018 of $407,500.

 

Number of Metro Denver real estate sales

 

Denver Realtor Reviews - Denver Real Estate Market Statistics September 2018 Number of Real Estate Sales 12 Month

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

 

There were 4,224 metro Denver real estate sales in September 2018, about 16.6% less than the 4,927 real estate sales in September 2017 and almost 30.1% less than the 5,524 metro Denver real estate sales in the prior month. For September 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 September 2018 Number Of New Real Estate Listings 12 Month

Denver Realtor Reviews - Denver Real Estate Market Statistics September 2018 Number Of New Real Estate Listings By Price Point

 

There were 5,859 new Denver real estate listings in September 2018, which is about 1.4% more than the 5,777 new listings in September 2017 and about 11.1% less than the 6,507 new listings in August 2018. 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 September 2018 Months Of Real Estate Inventory

 

There was an average of 2.145 months of inventory on the market in September 2018.

 

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

 

Denver Realtor Reviews - Denver Real Estate Market Statistics September 2018 Days On Market 12 Month

Denver Realtor Reviews - Denver Real Estate Market Statistics September 2018 Days On Market By Price Point

 

At 13 days, the median days on market is 3 days more than September 2017 and 3 more days than August 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 over 2 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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