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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, reviewed the housing market Greater Denver Metro Area over the year 2017. While numbers are up across most major indicators, inventory of homes for sale has fallen from the average in 2016.

View the 2017 Year-End REcolorado Market Watch Video.

Download the 2017 Year-End REcolorado Market Watch Infographic. 

Download the 2017 Year-End Detailed Market Watch Report.

2017 Year-End Denver Metro Home Sales 

Annual Home Sales

The Greater Denver Metro area had another strong year of home sales in 2017. Throughout the year, a total of 58,129 homes sold, 3.5% more than in 2016 and up 28% from 2012 levels.

Compared to 2016, the condo/townhome market saw a 5% increase in sales, while sales of single family detached homes increased by 3%.

Home Sales Annual Change

2016 -- 56,144
2017 -- 58,129

2017 Year-End Denver Metro Average Sold Price

Average Sold Prices

The price of a single family home in the Greater Denver Metro increased 9% in 2017 to an average of $434,074.Since 2012, home prices have seen a 54% increase.

As compared to 2016, Condo/townhome prices were up 10% in 2017, while the price of a single family detached was up 9%.

On average, sellers received 100% of their asking price in 2017.

Sold Prices Annual Change

2016 -- $399,035
2017 -- $434,074

2017 Year-End Denver Metro New Listings

New Listings

As compared to 2016, the number of new listings of homes for sale that were brought to the market increased 2%. New listings of condos/ townhomes were up 6% over last year, while there was an increase of 1% in single family detached homes.

Demand remained high, which kept inventory in check across the Greater Denver Metro area. On average, at the start of each month, there were 5,258 active listings of homes for sale were on the market last year.

New Listings Annual Change

2016 -- 65,036
2017 -- 66,369

2017 Year-End Average Days on Market Denver

Average Days on Market

On average, homes spent 36 days on the market in 2017, 2 days longer than the 2016 average and 5 days longer than the average in 2015.

In 2017, condos/townhomes sold in an average of 42 days and single-family detached homes sold in an average of 34 days. Homes priced in the $200-400,000 range sold the quickest.

Median days on Market was unchanged from 2016 at 8 days.

Days on Market Monthly Change

2016 -- 24 days
2017 -- 26 days
+ 2 days 

2017 Year-End Home Sales by Price Range

The Greater Denver Metro Market by Price Range

Demand was strong across all price ranges in 2017, with nearly every new listing that came on the market resulting in a sale. The market saw the most activity from homes priced in the $200,000 to $500,000, with 66% of new listings coming on the market and 69% of sales taking place in these ranges.


2017 Year-End 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.