What Denver, Market Report looks like!

By
Real Estate Broker/Owner with Hamm Homes

Houses

  • Condos

Denver, CO

Mon May 04 2020
This week the median list price for Denver, CO is $618,250 with the market action index hovering around 54. This is less than last month's market action index of 57. Inventory has held steady at or around 796. Click here to stay informed with the Denver market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Buyer'sMarketSeller'sMarket0102030405060708090100TodayTodayLast MonthLast Month5454

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Denver market.
Median List Price   $618,250
Per Square Foot   $315
Days on Market   69
Price Decreased   29%
Price Increased   2%
Relisted   9%
Inventory   796
Median Rent
 
$2,200
Most Expensive   $6,500,000
Least Expensive   $49,000
Market Action   54
Strong Seller's Market
7-Day Average90-Day AverageMay 2017Sep 2017Jan 2018May 2018Sep 2018Jan 2019May 2019Sep 2019Jan 2020May 2020$450K$500K$550K$600K$650K$700K$750KFriday, Oct 25, 2019● 7-Day Average: $575,000
 

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

 
 
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Rainmaker
1,737,978
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA, ABR, SRS

Thank you for keeping us posted and up to date. Best of luck!

May 05, 2020 07:47 AM #1
Rainmaker
3,413,746
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Thank Jeremy for stopping by and taking a look at this blog.  Hope you are staying safe.

 

May 05, 2020 08:07 AM #2
Rainmaker
242,049
Rick Frissell
HomeXpress Realty - Valrico, FL
aka "The Red Baron of Real Estate"

Your reports are excellent short term market reports ahead of the big boy reports.  Thanks.

May 05, 2020 08:19 AM #3
Rainmaker
919,639
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Hard to read the market right now, but people are still looking and hoping to find their way home, even during a pandemic.

May 05, 2020 09:23 AM #4
Rainmaker
2,146,648
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Will Hamm - although there has been some cooling you still have a healthy market.

May 05, 2020 09:43 AM #5
Rainmaker
4,833,813
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Will,

Nice comprehensive report on the Denver market.  Time will tell what happens next.  Wishing you a great week ahead.  A

May 05, 2020 02:35 PM #6
Ambassador
3,260,907
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I have analytical clients that would just love your statistics when buying a home. I am a market junkie who loves to compare market reports from sea to shining sea. ActiveRain gives me the most up-to-date statistics every day.

Happy Tuesday Will Hamm 

May 05, 2020 03:19 PM #7
Rainmaker
1,374,243
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Will Hamm - Altos Market Update!  This is the format I use.  I can understand it well. A 54 market share is very good for sellers!

May 05, 2020 04:16 PM #8
Rainmaker
5,786,994
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local real estate reports.

May 06, 2020 06:21 AM #9
Rainmaker
1,824,360
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

thanks for sharing this market update - it is so important to keep track of what is going on in different parts of the country

May 07, 2020 05:38 PM #10
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Rainmaker
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Will Hamm

"Where There's a Will, There's a Way!"
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