Denver Monthly Market Update – Single Family Homes

Denver (City and County) – Single Family Homes (Detached)

YTD Comparison:

DENVER SINGLE FAMILY HOMES 2018 YTD 2019 % Change
Total Units Sold 7850 365 Insufficient YTD Data
Average Sales Price $563,114 $560,000 -2.7%
Median Sales Price $462,500 $430,000 -9.3%
Average Days to Contract 25 49 +96%

(Single Family Homes – % Under Contract)

SINGLE FAMILY HOMES Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’ Jan 19’
Under $500K 70% 73% 72% 73% 66% 59% 55% 53% 42% 43% 48% 45% 54%
$500K-$750K 51% 53% 56% 55% 49% 46% 41% 38% 39% 36% 33% 37% 40%
$750K-$1MM 36% 42% 45% 46% 41% 38% 33% 30% 34% 38% 38% 30% 39%
$1MM-$1.5MM 31% 36% 33% 33% 34% 30% 28% 27% 35% 28% 30% 28% 34%
$1.5MM-$2MM 22% 24% 29% 29% 24% 22% 25% 21% 26% 21% 25% 27% 22%
$2MM + 22% 22% 25% 21% 18% 21% 16% 17% 25% 10% 15% 21% 18%
OVERALL % U/C 57% 62% 60% 60% 54% 50% 46% 47% 38% 38% 40% 39% 45%

 

(Single Family Homes – Inventory)

SINGLE FAMILY HOMES Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’ Jan 19’
                  1684 1640 1480 1081 1271

 

(Single Family Homes – # Sold)

SINGLE FAMILY HOMES Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’ Jan 19’
                  494 494 554 412 352

 

(Single Family Homes – Absorption Rate in Months) Based off 6-month sales average

SINGLE FAMILY HOMES Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’ Jan 19’
  4.4 2.5 2.88 2.54 3.41 3.27 3.02 2.67 3.4 3.1 2.87 2.21 2.75