Ready to Make Your Move?Numbers are available for last month and the market is definitely heating up. The average price for a home that sold was over $700,000, the number of closings increased more than 13% from the previous month and more homes are for sale. Homes are taking longer to sell, though, most likely because some sellers are pricing too high and then reducing their prices to capture buyers attention. We expect prices to continue to rise throughout spring and summer.
Our local market in March:
Residential – Detached and Attached Homes
Average Closed Price: $703,330
+4.08% month-over-month
+5.55% year-over-year
Median Closed Price: $595,000
+3.48% month-over-month
+4.89% year-over-year
Active Listings at the End of the Month: 5,849
+6.13% month-over-month
+29.52% year-over-year
Closed Homes: 3,512
+13.40% month-over-month
-13.37% year-over-year
Average Days in MLS: 40
-13.04% month-over-month
+8.11% year-over-year
Detached Homes Average Closed Price: $779,981 Median Closed Price: $645,000 Active Listings at the End of the Month: 3,944 Closed Homes: 2,626 Average Days in MLS: 39 | Attached Homes Average Closed Price: $476,144 Median Closed Price: $420,000 Active Listings at the End of the Month: 1,905 Closed Homes: 886 Average Days in MLS: 42 |
Ready to make your move?
Contact David and Tom at The Principal Team for a free, no-obligation consultation. Let's make it happen! Call us now at 720-782-2468 or schedule a time for us to call you.
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16630 W 10th Ave, Golden, Colorado 80401
This beautiful home in Golden has everything you need to live the Colorado lifestyle.
2 Bedrooms | 2 Bathrooms | 1,251 SQ FT | .23 Acres
$615,000
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Coming April 11
250 Columbine Street Unit #216 Denver, CO 80206
Live steps from all the best Denver has to offer in this beautiful Cherry Creek condominium.
1 Bedroom PLUS Office/Flex Space | 2 Bathrooms | 1,097 SQ FT |
Reserved Undergound Parking
$899,000
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Metro Denver Real Estate Market Activity
During the last week:
New Listings – 1486
Back On Market – 240
Price Increase – 113
Price Decrease – 978
Pending – 1239
Withdrawn – 89
Closed – 1274
Expired – 402
Two weeks ago:
New Listings – 1262
Back On Market – 248
Price Increase – 85
Price Decrease – 1112
Pending – 1468
Withdrawn – 126
Closed – 1196
Expired – 174
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Based on data from REColorado®
Trends in Metro Denver
- Home Prices
- How Long It Takes to Sell a Home
- Prices Per Square Foot
- Showings Until Pending
- Active Listings
- New Listings
- Closings
Real Estate News
Weekly mortgage demand stays stalled, as high rates deter buyers
What do we do with downtown Denver’s empty offices?
Real estate mogul Barbara Corcoran predicts interest rate cut could create a surge in home prices
“Working with David was truly amazing! He was very attentive and available to answer any and all questions throughout the entire process, he went above and beyond our e expectations and made buying our first home an easy as truly enjoyable process.”
– Rebecca Q., Dacono
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