Denver Monthly Market Update – Single Family Homes

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

YTD Comparison:

DENVER SINGLE FAMILY HOMES 2017 YTD 2018 % Change
Total Units Sold 8191 6820
Average Sales Price $515,198 $569,259 +10.5%
Median Sales Price $435,000 $465,000 +6.9%
Average Days to Contract 26 24 -7%

 

 

(Single Family Homes – % Under Contract)

SINGLE FAMILY HOMES Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’
Under $500K 64% 69%   7% 73% 72% 73% 66% 59% 55% 53% 42% 43%
$500K-$750K 40% 43%   51% 53% 56% 55% 49% 46% 41% 38% 39% 36%
$750K-$1MM 34% 34%   36% 42% 45% 46% 41% 38% 33% 30% 34% 38%
$1MM-$1.5MM 24% 30%   31% 36% 33% 33% 34% 30% 28% 27% 35% 28%
$1.5MM-$2MM 19% 19%   22% 24% 29% 29% 24% 22% 25% 21% 26% 21%
$2MM + 15% 15%   22% 22% 25% 21% 18% 21% 16% 17% 25% 10%
OVERALL % U/C       57% 62% 60% 60% 54% 50% 46% 47% 38% 38%

 

(Single Family Homes – Inventory)

SINGLE FAMILY HOMES Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’
                        1684 1640

 

(Single Family Homes – # Sold)

SINGLE FAMILY HOMES Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’
                        494 494

 

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

SINGLE FAMILY HOMES Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’
        4.4 2.5 2.88 2.54 3.41 3.27 3.02 2.67 3.4 3.1