May Market Report - Metro Denver
Last Month's Key Statistics
for Denver's Real estate Market
Attached & Detached Single Family Homes
THE AVERAGE SALES PRICE OF $722,790 IN APRIL ROSE 3.6% FROM LAST MONTH AND DECLINED 0.7% FROM LAST YEAR.
Quick Stats:
- The average number of active listings for April is 13,871 (1985-2024).
- The record-high for April was in 2006 with 29,045 listings, while the record-low was set in 2021 with 2,594 listings.
- The historic seasonal increase in active listings from March to April is 11 percent. An increase of 22.5 percent this April represents a healthy increase relative to historical observations.
Here is the latest market update from Zach Florence, Owner/Broker at Florence Realty Co. Hi Everyone!
I've heard recently from many of you that you enjoy getting these reports. So first off, a big THANK YOU to all who take the time to read these. I take great care to make sure all my people are well-informed with accurate and pertinent data. Very grateful to be able to provide this service for you!
Despite uncertainty surrounding tariffs and recession, Denver's average and median prices increased during the month of April. Our annual appreciation remains fairly flat for Denver metro as a whole. Overall, the market is not as bad as the sentiment surrounding it. One of my past clients, who now lives out of state, asked me recently how Denver real estate is surviving the "turbulence." I simply responded, we're holding steady.
However, not all sub markets within Denver metro are doing the same. Some neighborhoods are really strong, while others are struggling. It's a bit of mixed bag, unlike a few years ago when everything everywhere was up and to the right.
So in conclusion, I'd highly encourage you to reach out to me for your specific interests. I provide neighborhood-specific reports for my past clients, and I'm happy to provide the same custom reports for any of you who may have specific questions about the market that is of most interest to you.
Thanks again for reading!
