2018 Year End Housing Market Statistics
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 2018.
- View the 2018 Year-End REcolorado Market Watch Video.
- Download the 2018 Year-End REcolorado Market Watch Infographic.
- Download the 2018 Year-End Detailed Market Watch Report.
Sales of homes in the Denver Metro area remained strong in 2018, decreasing only 5% as compared to last year's ten-year high.
Home values continued to rise in 2018, with the average price of a single-family home reaching $473,426. The price of detached homes increased 8%, with Condos/townhomes increasing 10%. As the year progressed, we saw the rate at which prices were rising begin to moderate.
The Denver Metro area saw more new listings come to the market than we’ve seen in 5 years, which helped to push up inventory levels, giving eager buyers more choices. New listings of detached homes increased 3% and condos/townhomes increased 2%.
Days on Market
The average number of days a Denver Metro home spent on the increased by 4 days in 2018 to 40 days. Detached homes sold more quickly, at 33 days, while attached homes sold in 56 days on average.
Average Active Listings at Month End
In 2018, there was an average of 6,565 active listings of homes for sale at the end of each month, 14% higher than the 2017 average. In September 2018, the market hit a peak of 8,628 active listings on the market.
Average Weeks of Inventory
The Denver Metro area averaged 6 weeks of inventory in 2018, one week more than last year. Weeks of inventory climbed above 2 months in September.