Homes in Denver area for sale jumps to 7,436 active listings in June
Homes in Denver area for sale jumps to 7,436 active listings in June, up from May’s 6,437 active listings. The number of sold listings increased by 15.52% compared to previous month, and 5.34% from last June. Year to date, there have been 27,228 homes sold, down 3.07% from 2017. The condo market saw a slight up stick in days on the market, increasing to 18 days compared to 16 last June. The most active homes in Denver area for sale was from $400,000 to $499,000 and $200,000 to $299,000 for condos. The condo market continues to outperform the single family home market with an average sold price of $353,429, representing a 12.5% increase over 2017. The average sold price for single family homes hit $539,934 in June, up 0.71% month over month and up 10.27% from last year, while the median sold price stood at $445,000, up 8.54%. Months of inventory increased to 1.43 months for single family homes compared to 1.28 months last month, and an increase to 1.21 months for condos compared to 1.08 months last month.
In June 229 homes in Denver area for sale sold for $1 million or greater, down 4.18% from the previous month but up 9.57% year over year. Total closed dollar volume in June was $359,918,385, up 0.75% from last month and up 14.46% year over year.
Which city in the Denver area ranked as one of America’s fastest growing suburbs? Aurora ranks No. 8 on Realtor.com’s list of American fastest growing suburbs. Aurora, with a median home list price of $418,400, saw three year price appreciation of 19.4% and a 175.1% increase in home listings over the past three years.
States of migration: Despite a recent downturn in the number of people entering the state, Colorado, and Denver in particular, remains a hotbed for migration. The two zip codes in the Denver metro area, 80007 in northwest Arvada, and 80238 in Stapleton area, were the fastest growing Zip codes in the state from 2015 to 2016.