Colorado Real Estate Market Report
Gaining in-depth knowledge of real estate market conditions is essential for making informed decisions in today’s competitive Colorado real estate market. Stay ahead by keeping a finger on the pulse of the latest trends and developments.
SOUTH METRO DENVER REAL ESTATE MARKET REPORT
Discover timely, consistent, and relevant monthly summaries of valuable local real estate market data. This comprehensive report covers the latest real estate market conditions for residential single-family homes and condos/townhomes in these Greater Denver Metro Counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert, and Jefferson.
Looking for real estate market conditions in another area? No problem! Simply contact me, and I will provide you with the data you need for anything from statewide trends to specific neighborhood insights. Let our expertise guide you through the complexities of Colorado’s real estate market conditions, ensuring you make the best decisions for your property goals.”
Colorado Real Estate Market Report April 2024
Great news for home seekers in the Denver metro area! The real estate landscape is evolving, bringing forth more opportunities for potential buyers.
April witnessed a substantial surge in new listings, with an impressive 6,095 homes entering the market. This marks a remarkable 26% increase compared to April 2023 and a notable 22% rise from just the previous month. The consecutive rise in inventory is indeed promising, with 2024 already boasting a 15% higher number of new listings compared to the same period last year.
The enhanced inventory translates into a wider array of choices for buyers. With over 7,730 active listings by the end of April, this marks the highest inventory level since October 2019, promising a richer selection to match diverse preferences.
Amidst the expanding options, buyer demand remains robust. April witnessed 3,837 home closings across the 11-county metro area, indicating a slight uptick from the previous year and the third consecutive month of increased closings.
However, with increased demand comes higher prices. The median closed price for Denver-area homes soared to a record $602,000 in April, marking a 4% increase from April 2023 and a 1% rise from March 2024.
Furthermore, the growing number of listings pending sale is indicative of a thriving market. Following a notable 27% surge from February to March, listings pending sale increased by 7% from March to April. This upward trend suggests continued sales activity in the foreseeable future. In April, homes spent a median of 9 days on the market, one day longer than the previous year but 3 days less than the preceding month.
Denver Metro Area Market Area Market Report
Navigating the Denver Metro Area’s real estate market can be challenging, but with this comprehensive Market Watch report, you’ll gain valuable insights and stay ahead of the competition. The analysis sheds light on the region’s latest trends, developments, and market conditions, empowering you to make informed decisions when buying, selling, or investing in property.
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