So, how is the market you may ask… We have the answer! Check out these statistics from the April 2024 Denver Metro Area Housing Market!

Highlights

• April saw a significant jump in new listings, with over 6,095 new listings hitting the market. This is 26% increase in listings from last year at this time. This is the fourth consecutive month of rising inventory.
• Demand is very high with 3,837 closings in April, this is a slight increase from this time last year.
• The median closed priced reached a record high of $602,000 in April, which is 4% higher than last year and 1% higher than last month.
• The pending listings increased by 7% from March to April. Homes moved off the market in a median of 9 days, 1 day more than last year but 3 days quicker than last month.

Closed Listings

• Closed listings were only up by less than 1% from last April but up 7% from March to April.

Closed Prices

• The median closed price of a Denver metro area home was $602,000, which is 4% higher than last year at this time and 1% higher than last month.

Days in MLS

• In April, homes spent 9 days in the MLS, this is compared to 8 days in last April and 3 days less than last month.

New Listings

• Sellers added 6,095 new listings to the market in April, this is 26% more than last April and 22% more than last month.

Pending Listings

• Buyers executed contracts on 4,401 listings, this is 4% higher than last April and 7% higher than last month.

Activity by Price Range

• Most activity on listings were those in the $500-600,000 price range with 755 listings closed and 1,088 new listings.

Active Listings and Volume

• Standing inventory was 65% higher than last April, with 7,730 homes actively for sale in the Denver Metro area.