Prices fell again last month in the metro area. It also took more than twice as long to sell a home than it did a year ago. While average prices for detached homes were up compared to a year ago, prices for attached homes have fallen. Pricing is the number one factor that determines how fast a home will sell. Therefore, it’s essential to price your home competitively if you want to sell it fast and for a good price. If your home lingers on the market and you reduce the price again and again, you’ll likely walk away with less money than if you had priced it lower from the start.
Residential – Detached and Attached Homes
Average Closed Price: $626,311
-1.49% compared to December
+2.83% year-over-year
Median Closed Price: $536,500
-3.33% compared to December
-1.11% year-over-year
Active Listings at the End of the Month: 4,120
-13.39% compared to December
+247.97% year-over-year
Closed Homes: 2,041
-29.23% compared to December
-33.56% year-over-year
Days in MLS: 46
+6.98% compared to December
+130% year-over-year
Detached Homes Average Closed Price: $702,289 Active Listings at the End of the Month: 2,893 Closed Homes: 1,428 Days in MLS: 49 | Attached Homes Average Closed Price: $449,319 Median Closed Price: $397,000 Active Listings at the End of the Month: 1,227 Closed Homes: 613 Days in MLS: 38 |
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Schedule a CallMetro Denver Real Estate Market Activity
During the last week:
New Listings – 900
Back On Market – 229
Price Increase – 63
Price Decrease – 744
Pending – 1357
Withdrawn – 117
Closed – 700
Expired – 284
Previous Week:
New Listings – 909
Back On Market – 229
Price Increase – 119
Price Decrease – 738
Pending – 1301
Withdrawn – 118
Closed – 837
Expired – 389
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Based on data from REColorado®
Trends in Metro Denver
- Home Prices
- How Long It Takes to Sell a Home
- Prices Per Square Foot
- Showings Until Pending
- Active Listings
- New Listings
- Closings
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