March 2019 Housing Market Statistics

Home Sales

In March, 4,393 homes sold in the 11-county Denver Metro Area, a 7% decrease from last year, but a month-over-month increase of 27%, signaling the buying and selling season is underway.

Home Sales Year-Over-Year Change

March 2018 -- 4,713
March 2019 -- 4,393
-7%

Sold Prices

The average sold price of a home got a bump up in March to $480,007, an increase of 2% from last year and a 3% increase compared to last month.

Sold Prices Year-Over-Year Change

March 2018 -- $472,055
March 2019 -- $480,007
+2%

New and Active Listings

Sellers continued to bring more new listings of homes for sale to the market in March. Throughout the month, 6,248 listings hit the market, an increase of 23% compared to last month, but down 2% year over year.

The count of active listings of homes for sale at the end of March was 6,269, 36% higher than last year and 7% higher than the end of last month.

We currently have 6 weeks of inventory, 1 week less than last month, but 2 weeks more than last year at this time.

New Listings Year-Over-Year Change

March 2018 -- 6,358
March 2019 -- 6,248
-2%

Average Days on Market

In March, homes spent an average of 48 days on the market, 1 day less than last month and 1 day more than this time last year. On average, single-family detached homes were on the market 41 days, while condos/townhomes were on the market 64 days.

The median amount of time a home spent on the market in March was 11 days, 5 days more than this time last year.

Days on Market Year-Over-Year Change

March 2018 -- 47
March 2019 -- 48
1 day more

The Greater Denver Metro Market by Price Range

The March housing market saw the most activity in the $300 to 500,000 price ranges, with 45% of all new listings and 51% of sales. At the end of the month, 34% of all active listings were priced between $300,00 and $500,000. Homes in these ranges are in high demand, spending an average of only 40 days on the market.