Denver Real Estate Stats

The Denver real estate market continues to see increased sales activity for existing home sales in the Denver real estate market.  Sales volume on pending contracts and sold properties continues to trend up for several months now.

Combined residential sales volume, for June, including single-family homes, townhomes, condos and lofts was 4,186 properties, up 15.38% from May’s volume 3,628. Per Metrolist Inc., Denver’s Multiple Listing Service sales are still down 13.60% from June of 2008.

There were 5,664 homes under contract last month. This includes 4,468 single-family homes and 1,196 condos and townhouses. This is an overall increase of 6.01% from May, but down 10.21% from year-prior last June. Single family homes contracts are up 3.88% while condo and townhomes are up 14.78%.

In June, the Denver MLS had 20,853 homes for sale, an increase of .57% from the prior month, down 20.12% from the same time last year.

The average home sales price was $258,434, an increase of 6.34% from last months average price $243,022, down 3.21% from a year ago, $267,005. Denver real estate listings remained on the market 100 days on average in June which is down 4.59% in May and up year over year at 4.40%.

Single-family home sales were 3,328 last month, up nearly 16.49% from May’s 2,857 and down 13.60% year-prior June’s 3,847. Houses sold for an average of $283,312 in June, a 8.11% increase from the prior month’s 262,066, but a 1.25% decrease over the previous year price of $286,887.

Median prices increased 8% from $220,000 to $237,500 and up from $230,000 last year. These properties also stayed on the market down 2.88% for the same period, 101 on average, as the prior month up 7.45% from June 2008’s 94%.

Denver townhomes, condos, and lofts sales hit 858 units, a 11.28% increase from May but an 14.03% drop from June, the year prior’s volume of 998. The average sales price was $161,939, down 6.10% from the previous month’s 172,454, but decreasing 14.93% the year over year period price $190,367. The median prices increased to $148,345 from last months $148,000. These properties remained on the market 97 days, down 11.82% and down 10.19% same time last year.

Market activity for condos was 21.54% for properties less than $150,000, 15.61 for properties between $150,000 and $199,000, 30.45% between $200,000 and $300,000, dropping to 23.84% between $300,000 and $499,999 and only 8.56% for $500,000 and up.

Market activity for condos was 53.93% for properties less than $150,000, 20.90 for properties between $150,000 and $199,000, 17.78% for properties between $200,000 and $300,000, 5.31% for the $300,000 to $400,000 range and only 2.08% for properties greater than $500,000.

This data is based upon information from Metrolist, Inc. in Greenwood Village, CO. This representation is based in whole or in part on data supplied by Metrolist, Inc.. Metrolist Inc. does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist, Inc. may not reflect all real estate activity in the market.

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