REcolorado Market Watch
March 2020 Housing Market Statistics
In the Denver Metro Area this March, 4,631 homes closed, a year-over-year increase of 2%. As compared to last month, sales saw a seasonal 21% increase.
Homes Closed Year-Over-Year Change
March 2019 -- 4,528
In March, the average price of a home in the Denver metro area was $513,691, a year-over-year increase of 7% and up 6% from last month.
Average Closed Prices Year-Over-Year Change
March 2019 -- $478,535
Throughout the month, sellers brought 6,693 new listings to the market, up 7% compared to last year, and a 31% increase from last month.
New Listings Year-Over-Year Change
March 2019 -- 6,244
Days in MLS
In March, homes spent an average of 30 days on the market, 2 days less than this time last year, and 8 days less than last month. On average, single-family residences were on the market 29 days, while multi-family/condos/townhomes were on the market 32 days.
Days on Market Year-Over-Year Change
March 2019 -- 32
Year to Date
Year-to-date data indicates the first quarter of 2020 was on par with 2019 at this time. The count for closed listings is 7% higher than last year’s year-to-date figures and average price of those listings is up 6%. The number of new listings that came on the market is up 4%. On average, homes spent the same amount of time on the market as they did at this point in 2019.