About the Area
Market Data
Metro Denver Residential Real Estate Trends
Metro Denver Residential Real Estate sees fluctuations in supply and demand, as well as listing and sold sales prices. January is commonly the slowest time of year, and July commonly is the peak selling season.
We offer a personalized market digest report for home owners and potential home buyers. This free report gives timely and relevant information for anyone who is interested in residential real estate sales in the Metro Denver market.
Active Listings
The number of Active Listings foreshadows future sales activity and affects the supply vs demand balance. Usually, more active listings give potential buyers more homes to choose from, when may have a downward affect on home sales prices. Lower supply means buyers have fewer homes to choose from, which my result in higher sales prices.
Under Contract Listings
Under Contract Listings is one of the best indicators of the future closed sales in the market. Approximately one in five real estate contracts fall out of contract. Under Contract Listings will usually appear as sold listings in 30-60 days from the date of contract.
Months Supply
Months supply predicts how long it would take to sell off the current supply of available homes for sale. This number fluctuates based upon the number of available homes divided by the average monthly rate of homes sold.
Median Days on Market
Median Days on Market projects how long on average it takes for a home to go from Active to Under Contract. In a fast-selling market, home prices tend to increase. As homes take longer to sell, there is commonly downward pressure on prices.
