REcolorado Market Watch
April 2020 Housing Market Statistics
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.
Homes Closed Year-Over-Year Change
April 2019 -- 5,205
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.
Average Closed Prices Year-Over-Year Change
April 2019 -- $495,706
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.
New Listings Year-Over-Year Change
April 2019 -- 7,527
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.
Days on Market Year-Over-Year Change
April 2019 -- 29
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.