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The latest data from REcolorado, the provider of REcolorado.com, a free home search site for Colorado home buyers, sellers, and renters, show the housing market following typical patterns at the end of the year across the Greater Denver Metro Area. 35% fewer new homes for sale came on the market in December as thoughts turn to the holiday season.

View the December 2017 REcolorado Market Watch Video.

Download the December 2017 REcolorado Market Watch Infographic. 

Download the December 2017 Detailed Market Watch Report.

December 2017 Denver Metro Home Sales 

Home Sales

In December, 3,926 homes sold in the Greater Denver Metro area, a decrease of 17% compared to last month and 13% less than December 2016. As compared to last year, sales of single-family detached homes decreased 12% and sales of condos/townhomes decreased 14%. Home sales typically moderate in December as home shoppers focus on the holidays.

Home Sales Monthly Change

December 2017 -- 3,926
November 2017 -- 4,703
-17% 

December 2017 Denver Metro Average Sold Price

Sold Prices

The price of a Denver home saw a slight month-over-month increase. In December, the average price of a single family home was $443,378, up 2% from last month, and 12% higher than last year at this time. The average price of a single family detached home is up 12% year over year, and the average sold price of a condo/townhome is 11% higher than this time last year.

Sold Prices Monthly Change

December 2017 -- $443,378
November 2017 -- $395,013
+2% 

December 2017 Denver Metro New Listings

New and Active Listings

It is typical for the number of new home listings to fall 25 to 35% in December as thoughts turn to the holiday season. In December, 2,381 new listings came on the market, a seasonal 35% month-over-month decrease and 4% lower than last year at this time. The month ended with 3,838 active listings of homes for sale, 6% lower than November levels.

Active Listings Monthly Change

December 2017 -- 3,838
November 2017 -- 4,090
-6% 

New Listings Monthly Change

December 2017 -- 2,381
November 2017 -- 3,666
-35% 

December 2017 Average Days on Market Denver

Average Days on Market

On average, homes spent 49 days on the market in December, 8 days longer than this time last month and 4 days longer than this time last year. The median amount of time a home spent on the market was unchanged from last year, at 16 days. Homes sold the quickest in Arapahoe and Clear Creek Counties.

Days on Market Monthly Change

December 2017 -- 49 days
November 2017 -- 41 days
+ 8 days 

December 2017 Home Sales by Price Range

The Greater Denver Metro Market by Price Range

In December, homes priced $300,000 to $400,000 had the greatest number of sales. In every price range except the $1M and above, sales are outpacing the number of new listings that are coming on the market, which is leading to the shortage of inventory. Inventory is moving the quickest in the $200,000 - $400,000 price range, with days on market below 30 days.

 

November 2017 Days on Market by Price Range

About REcolorado

Since 1984, REcolorado has been focused on providing the most accurate and up-to-date real estate information for professionals and consumers. Updated continually with new and sold listings and powered by the state’s largest network of real estate professionals, REcolorado.com is Colorado’s most accurate home search website. REcolorado.com also offers consumers mortgage resources, information about Colorado neighborhoods and cities, sold listings, open houses, and a comprehensive database of real estate professionals.

REcolorado is the largest Multiple Listing Service (MLS) in Colorado with more than 21,000 professional members who operate throughout the state. It is REALTOR® owned and serves Aurora Association of REALTORS®,  Denver Metro Association of REALTORS®Mountain Metro Association of REALTORS®REALTORS® of Central Coloradoand South Metro Denver REALTOR® AssociationContact a REALTOR for accurate information about your property and neighborhood.