August 2018 | Market Update
WHAT’S HAPPENING NEAR YOU-
YOUR MARKET NUMBERS:
The number of sold listings DECREASED by 15.65 %, compared to the previous month, and 8.54% from last July. Year to date, there have been 32,879 sold homes, down 2.16 % from 2017.
The condo market saw a small uptick in average days on market, increasing to 18 days compared to 17 last July.
The most active price segment for the single-family market in June was the $300,000 to $399,999, and $200,000 to $299,999 for condos.
AVERAGE HOME PRICE: The year-to-date average sold price stands at $526,313 for the
single-family home market, up 9.68 % from last year.
DAYS ON MARKET: Increased slightly to a month and ½ inventory for single family homes
LUXURY MARKET: In July, 206 homes sold and closed for $1 million or greater – down
16.26 percent from the previous month and up 17.71 percent year-over-year.
FUN FACTS: The highest priced single family home sold in July was $4,036,670 representing
six bedrooms, five bathrooms and 5,424 above ground square feet in Denver.
Stats taken from Denver Metro Realtor Association
