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Median sales price of Colorado homes up 10 percent over last year while available listings dip 37 percent statewide

General, Market Trends & Statistics, REALTOR News, REALTORS In The News, Stats & Trends
KEY FINDINGS FROM THE APRIL 2017 RESEARCH REPORT INCLUDE:

Following a dramatic increase in new listings in March 2017, April saw a small decline in the number of new listings for single-family and townhome/condos across the state.
Median sales price for a single-family home in the Denver metro area hit another record high, $404,900.
Statewide, the median sales price for a single-family home hit $357,000, while condo/townhome median sales price reached $269,500.
Median sales prices statewide are up more than 10 percent from year prior.
There are just over 18,100 active Colorado listings, down nearly 37 percent from a year prior, while in the Denver Metro area, there are just shy of 7,000 active listings, down nearly 40 percent from a year ago.
Inventory stood at a 1.9 month supply for the state, while in the Denver Metro area there remains just a 1.3 month inventory supply.

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