REcolorado Market Watch
April 2020 Housing Market Statistics

Homes Closed

In the Denver Metro Area this April, 3,855 homes closed, a year-over-year decrease of 26%. As compared to last month, sales saw a 19% decrease.

In April, the count of listings in Pending status was 3,318, which is 28% less than last month and down 45%, from April 2019. 

Homes Closed Year-Over-Year Change

April 2019 -- 5,205
April 2020 -- 3,855
-26%

Prices

In April, the average price of a home in the Denver metro area was $502,207, a year-over-year increase of 1%, but down 2% from last month.

Single-family residences sold for an average price of $549,306, down less than 1% year over year. The price of multi-family/ condos/townhomes was up 3% from April 2019, at an average of $378,499.

Average Closed Prices Year-Over-Year Change

April 2019 -- $495,706
April 2020 -- $502,207
+1%

New Listings

Throughout the month, sellers brought 4,843 new listings to the market, down 26% compared to last year, and a 28% decrease from last month.

The count of active listings of homes for sale at the end of April was 6,663, 15% lower than last year but 5% higher than the end of last month.

We currently have 7 weeks of inventory, one week more than last month and unchanged from last year.

New Listings Year-Over-Year Change

April 2019 -- 7,527
April 2020 -- 4,843
-36%

Days in MLS

In April, homes spent an average of 20 days on the market, 9 days less than this time last year, and 10 days less than last month. On average, single-family residences were on the market 19 days, while multi-family/condos/townhomes were on the market 23 days.

The median number of days a home spent on the market in April was 5, 3 days less than this time last year.

Days on Market Year-Over-Year Change

April 2019 -- 29
April 2020 -- 20
- 9 days

Year to Date

Year-to-date data for Listings Closed and New Listings shows the market has pulled back a bit amid the uncertainty surrounding the coronavirus. The count for closed listings is 2% lower than last year’s year-to-date figures and average price of those listings is up 4%. The number of new listings that came on the market is down 9%. On average, homes spent one day less on the market as they did at this point in 2019.