REcolorado market statistics for May reflect year-over-year declines as the market felt the ripple effect of the pandemic. However, as compared to April, the market showed signs of renewed activity with new listings up slightly and Pending listings seeing triple-digit gains. Although lower than this time last year, year-to-date numbers held strong, thanks to an active first quarter. The full set of indicators can be found in the reports we produce in collaboration with local REALTOR® associations. We are continuing to compile Weekly Market Statistics reports you can use to stay up-to-date on current market conditions.
Denver Metro Market Statistics
May Denver Metro housing market statistics from REcolorado show year-over-year declines as a result of the coronavirus. The count for closed listings was 44% lower than last year at this time as buyers postponed their home purchasing. The number of New Listings sellers brought to the market also slowed, down 17% from a year ago. Home prices held somewhat steady, up less than 1% from last year. On average, homes spent 24 days on the market, the same number of days as this time last year.
Month-over-month indicators for the housing market showed increased activity as in-person home showings and the availability of live-stream tools provided the ability for shoppers to see more homes. Home closings were down 13% compared to April, but the listings that moved into Pending status saw a 119% increase, indicating market activity picked up significantly. To meet the high demand, sellers brought 7,337 New Listings to the market, up 52% from last month. Prices and Days in MLS remained steady.
Quick Denver Metro Market Infographic
Detailed Denver Metro Market Report
Additional Colorado Market Statistics
REALTORS® of Central Colorado
Steamboat Springs Board of REALTORS®
In addition to the market statistics reports produced by REcolorado, we provide the statistics used by Denver Metro REALTOR associations.
- Denver Metro Association of REALTORS®
- South Metro Denver REALTOR® Association
- Aurora Association of REALTORS®
- Mountain Metro Association of REALTORS®
Be the Go-To Stats Expert!
Buyers and sellers look to real estate brokers to provide information about what is taking place in the market so they can make informed decision. REcolorado offers a variety of tools you can be the go-to expert who has answers to market-related questions.
REcolorado offers several 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 >>