Denver Real Estate Market Snapshot! November 2019

December 10, 2019

December 10, 2019
By Ariel Dorrance

 

The Denver Real Estate Market December report, according to the recent data provided by the Denver Metro Association of Realtors. These highlights showcase the November market transactions encompassing the 11 counties of the Denver Metro Area. (Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park) Here are the highlights:

Market Overview

Residential (Single Family plus Condo) Prior Month Year-over-Year
Active Inventory 6,988 -18.34% -7.20%
Sold Homes 3,935 -22.78% -5.93%
Sold Price – Average $490,874 1.43% 6.76%
Sold Price – Median $422,000 0.06% 6.84%
Days on Market – Average 35 2.94% 9.38%

Single Family (aka Detached Single Family) Prior Month Year-over-Year
Active Inventory 4,709 -19.42% -12.36%
Sold Homes 2,684 -22.03% -2.92%
Sold Price – Average $537,624 1.42% 6.85%
Sold Price – Median $453,250 -0.38% 5.52%
Days on Market – Average 36 9.09% 9.09%

Condo (aka Attached Single Family) Prior Month Year-over-Year
Active Inventory 2,279 -16.00% 5.66%
Sold Homes 1,071 -24.74% -13.14%
Sold Price – Average $365,856 0.29% 2.75%
Sold Price – Median $312,000 0.97% 4.35%
Days on Market – Average 34 5.26% 17.65%

Source:
https://www.dmarealtors.com/download-dmars-december-2019-market-trends-report By Dillon Landfried – Dec 4, 2019