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REcolorado Market Watch: Denver Metro Area
Monthly Housing Market Statistics: September 2020
In September more homes sold than any other September on record. Throughout the month, 6,303 homes closed, a year-over-year increase of 26% and a 4% decrease month over month.
Homes Closed Year-Over-Year Change
September 2019 -- 5,021
The average price of a home in the Denver metro area in September was $538,376, a year-over-year increase of 12%. As compared to last month, prices saw a marginal increase.
Average Closed Prices Year-Over-Year Change
September 2019 -- $480,661
Throughout September, 6,563 new listings of homes for sale hit the market, which is 9% higher than September of 2019. Compared to last month, the count of New Listings saw a seasonal decrease of 5%.
New Listings Year-Over-Year Change
September 2019 -- 6,045
Days in MLS
Denver Metro homes spent an average of 23 days on the market in September, 10 days fewer than this time last year and unchanged from last month.
Days on Market Year-Over-Year Change
September 2019 -- 33
Year to Date
Year-to-date measures indicate our strong buying and selling season has continued into September. The number of Listings Closed year to date is 3% higher than this time last year and the highest count we have on record. While New Listings remain tight, the year to date gap has shrunk to 4% less than this time in 2019. The average Closed Price is up 6% from last year due in part to high buyer demand, limited inventory, and low interest rates. Homes spent an average of 27 days in the MLS, 3 days less than the previous year.