According to the latest market statistics from REcolorado, the Denver Metro market continued to experience increased inventory levels in April. This means buyers have more options than they’ve had in quite some time, which may help relieve some of the stress home buyers have been feeling over the past few years. There is currently 7 weeks of inventory, 1 week more than last month and 2 weeks more than last year.
In April, home sales increased 0.2% from last year and are up 12% from last month. The number of homes that moved to Under Contract in April was 11% higher than last year, indicating it was an active month. The rate at which home prices are increasing has continued to moderate in April, with the average price of a single-family home rising to $552,898 up 1% year over year.
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We pull statistics on the fourth business day of the month because it leaves time for you to make your status changes. (We require status changes be made within three business days because we’re all about accurate data and we know you are, too!)
Quick Infographic for Denver Metro
Detailed Infographic for Denver Metro
Be the Go-To Stats Expert!
How’s the market? REcolorado offers a variety of tools you can use to answer this question confidently and position yourself as the go-to expert so no matter when you’re asked that question, your answer can always be, “The best time to sell is right now and let me tell you why.”
Here are a few training classes to take to learn more about market stats and practice pulling your own data using tools like Matrix, Realist, and InfoSparks/FastStats. InfoSparks can help you quickly analyze and share trend data with your clients. FastStats gives you a one-page look at the most current market stats for specific Colorado areas. FastStats reports for January are available now.
Market Intel (2 CE) – Explore the power of in-depth, current market intelligence | View all upcoming class dates and times >>
On-Demand Recorded Webinar: InfoSparks | Watch Now >>