REcolorado Market Watch: Denver Metro Area Weekly Housing Market Statistics: August 31, 2020
Buyer demand continued to outpace the number of New Listings hitting the market. As a result, the count of Active Listings dropped to 5,536, a decrease of 5% compared to the Active Listing count pulled on August 31. This is the lowest count of Active Listings we’ve seen since Safer-At-Home orders were put into effect.
The weekly count of Pending listings decreased after 5 consecutive weeks of increases. The count of Pending listings was 1,678, a 3% decrease from last week, but 60% higher than this week last year, indicating the 2020 selling season has been extended as compared to previous years.
Sellers brought 1,529 New Listings to the market last week, a 2% decrease from the previous week and 4% less than last year at this time.
Last week there were 1,343 Closed Listings, a 17% decrease week over week and 54% increase from this week last year.
The Median Closed Price for homes was $450,000, 2% decrease from last week and 7% higher than this week last year.
The median number of days a listing was in the MLS was 6 days. Days in MLS was unchanged from last week, and 8 days less than this week in 2019.
The number of listings in Withdrawn status saw a week-over-week increase of 26% and was the same as this week last year.