REcolorado Market Watch: Denver Metro Area Weekly Housing Market Statistics: May 17, 2020
Sellers continued to bring a steady stream of New Listings of to the market. There was a slight week-over-week decrease of 3%; however, compared to last year at this time, the number of New Listings is 12% higher.
Last week the market saw, 611 Closed Listings, a 13% decrease week over week and 56% less than last year at this time.
The number of listings in Pending status was up 8% compared to last week and was 16% higher than this week in 2019 as buyers continue to put contracts on homes.
Strong demand pushed the count of Active Listings down 4% from last week to 7,079.
The Median Closed Price for homes was relatively unchanged from last week and up 2% from this week last year.
The median number of days a listing was in the MLS was 10 days. Days in MLS was unchanged week over week and 2 days more than this week last year.
The number of listings in Withdrawn status saw increases last week, up 16% week over week and 3% higher than this week in 2019.