Denver Real Estate Market Snapshot! November 2019

December 9, 2019

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