According to the latest marketing statistics from REcolorado, inventory levels in the Denver Metro area continued to climb in May, thanks to sellers bringing new listings of homes for sale to the market. New listings are up 13 percent compared to last year at this time, bringing buyers more options.
Demand remained high in May with home sales up 2% from last year and 17% from last month. The average price of a single-family home (attached + detached) crossed the half million-dollar mark for the first time, reaching $503,337, a 3% increase from last year.
Use Market Statistics to Showcase Your Market Expertise!
Showcase your market expertise! Be sure to share the consumer-friendly market statistics wrap up on your social media channels.
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 May 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 >>