Denver Metro Real Estate October Market Trends

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Denver Metro Real Estate October Market Trends

For the residential market, days on market (DOM) last month was 28, the national average is 47. The average sold price was $356,005 and the average median sold price was $308,279, both down two percent from the previous month, but up 12 percent and 13 percent year over year respectively. Listings under contract decreased by 10 percent in September to 4,844, but are up 4.8 percent year over year. The average sold dollar volume was $1.765 billion, down 10 percent from August, but up 12 percent year over year. Finally, a quick summary of the year-to-date residential market shows new listings at 54,816, DOM at 29, average price at $362,200 and a record-smashing $15.4 billion in total sales volume, which is a 15 percent increase over 2014.


Data for the report was sourced from REcolorado® and interpreted by DMAR.