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June Was A Very Good Month For The Denver Housing Market
During the month of June in Denver the housing market saw increases in both the average price and in the number of sold homes for the 5th month straight while "days on market" decreased. These are all good signs.
The average price has increase steadily from $213,330 in January to $258,434 in June. That is a 21% increase and indicates a reviving market.
The number of sold homes in January stood at 2469. That number has increased every month since to a current high in June of 4186. That is a 41% increase! Quite a bounce!
Other good signs are the under contract numbers which have also increased steadily since January when the number was 3831 to June which had 5664. Average "days on market" has decrease to 100 from a high of 107 in February.
Denver Home Sales Statistics
January February March April May June
Active 19,748 20,059 20,628 20,705 20,734 20,853
Under Contract 3831 4183 4826 5183 5343 5664
Sold 2469 2484 3206 3390 3628 4186
Avg DOM 101 107 106 104 105 100
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