May started off with 1263 of active listings, up quite a bit compared to the last month. Inventory of listings did increase throughout the month and we are currently at 1528 residential real estate listings in Denver, quite an increase!
Average price per square foot for a residence in Denver is currently at $281 p/sqft. Current supply of inventory is at 1.25 month of inventory, slightly up from last month.
1253 listings have sold in the month of April, up 6% from previous month and almost flat year-over-year. Average listing price for properties sold in April was at $419,913 and average sold price was at $415,812 – slightly down from last month, but up 5.9% from the same time last year.
Number of average days on the market in the month of March was at 37 days, down from the previous month and up year-over-year.
View the detailed statistics report – Denver Market Update May 2016.
Read more about Denver real estate market in the news:
Denver Post posted – Frustration rises as a fifth of Denver home sale deals fall through in April
Are you are interested in scheduling a viewing of a Denver area home listed for sale or to learn more about real estate in Central Denver? If so, contact Lana Cordier Shelton at 303-513-7035. Lana is a professional REALTOR®s and RE/MAX Uptown agent who specializes in Central Denver real estate.