August 8, 2018

Categories Real Estate

State and Local Market by the Numbers

The June 2018 housing report from the Colorado Association of REALTORS® indicates a strong but stable housing market across Colorado. Some highlights from the report:

 

DENVER METRO

  • New listings for single-family residences remained flat from May to June, and are in line with the same numbers from 2017.
  • Active listings rose more than 9 percent month-to-month for single-family homes, and 4.5 percent for condos and townhomes, but remain down 12 percent and 16.5 percent year over year respectively.
  • Median sales price for a single-family home in the Metro area rose just over 1 percent from May to June, to $440,000, and median price for a condo/townhome was flat at $305,000. Those numbers were up 7 and 9 percent respectively year over year.
  • Total inventory edged up for single-family homes (2 months) and condos/townhomes (1.5 months) from May to June, but remain well below a balanced market inventory of 4-6 months.

 

STATEWIDE

  • Median sales price for a single-family home is just shy of $400,000, up 8 percent year over year.
  • Median sales price for a condo/townhome is $305,000, up 11 percent from a year ago.
  • New single-family listings (11,909) and condo/townhome listings (3,335) are down more than 5 percent year over year.
  • There were 17,781 active listings statewide in June, down nearly 15 percent from a year ago. Condo/townhomes are down nearly 20 percent from a year ago.
  • Average sales price was $472,603 for a single-family home and $381,061 for a condo/townhome.

 

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