Golesh Team

First To Know

Market Stats for Greater Metro Denver

Recent Stats as of April 2024
View of Rocky Mountains with Cherry Creek Lake

Monthly Highlights

Spring has sprung! New listings jumped 16.2% when compared to last month to 4,707. Pending listings (demand) also increased 28% when compared to last month and was up 3.3% when viewed year-over-year. Average days on market decreased by 17.4% when compared to last month to 38 days. All of these metrics indicate a solid start to the spring real estate market.

Prices ticked up in March across Greater Metro Denver. The average price for single family properties increased 6.0% when compared to last year and were up 4.5% when viewed month-over-month. And, the average sales price for a condo was up 1.8% when compared to last month.

Last, also included in this month's report, is data related to showing activity, including the average number of showings to pending and the average number of showings per listing.

Below are market highlights!

 

The Highlights

Single Family Average

$779,574

Up 6.0% YoY

Condo/Townhome Average

$471,389

Up 0.2% YoY

Supply - Active Listings

The active listing inventory dropped by 15 homes compared to February 2024 – a 0.3% decrease. This was an increase of 0.3% when compared to last year.

Active Listings
0

UP

YoY
0 %

New Listings

March saw 4,707 new properties enter the market. This data point saw an increase of 16.2% when viewed month-over-month.

New Listings
0

DOWN

YoY
0 %

Demand - Pending Sales

Demand, a snapshot of the new pending sales, increased by 28.0% when compared to last month. This data point is nearly identical to what we saw at this time in 2020.

Pending Sales
0

UP

YoY
0 %

Average Days in MLS

March saw the number of days on the market at 38 days, on average. Last year at this time we saw 37 days, on average. Last month saw 46 days.

Days in MLS
0

UP

YoY
0 %

Percent of Closed Price to List Price

This data point increased by 0.5% compared to last month and was equal to March 2023.

EQUAL

Closed to List Price
0 %
YoY
0 %

Average Showings to Pending

March saw the number of showings until pending at 16, on average. Last year at this time we saw 16.8, on average. Last month saw 16.7.

DOWN

Showings to Pending
0
YoY
0 %

Showings Per Listing

The number of showings per listing for March was at 8.3. This is up 6.4% from last month but down 5.7% year-over-year. Last year we saw 8.8.

DOWN

Showings per Listing
0
YoY
0 %

Greater Metro Denver includes the following counties:

  • Arapahoe, Adams, Broomfield, Denver, Douglas, Elbert and Jefferson
  • Reports are based on information from REColorado®, Inc. for the period shown in title. Note: This representation is based in whole or in part on content supplied by REColorado®, Inc. REColorado®, Inc. does not guarantee nor is in any way responsible for its accuracy. Content maintained by REColorado®, Inc. may not reflect all real estate activity in the market.
  • Information deemed reliable but not guaranteed. Real Estate Services.
  • © 2024 Land Title Guarantee Company. All rights reserved.

Information and Statistics provided by Land title Guarantee Company

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