According to the latest market statistics from REcolorado, the Denver Metro market experienced a 7% decrease in home sales as compared to this time last year, but a month-over-month increase of 27%, signaling the busy buying and selling season is underway. Contracts were put in place on 5,736 homes in March, up 6% from last year and 29% higher than last month.
Sellers brought more new listings of homes for sale to the market in March, giving home shoppers more selection. Throughout the month, 6,248 listings hit the market, an increase of 23% compared to last month. The count of active listings of homes for sale at the end of March was 6,269, 7% higher than the end of last month and 36% higher than last 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!)
Market Watch Infographic for Denver Metro
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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.
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 >>