06/06/2024
The numbers are in. This May, Denver saw a 75.2% increase in inventory and a 22.7% increase in the days that homes spent on the market since May 2023.
The average home price has increased 3.3% year over year while the days those homes spent on the market decreased 10% since last month. These statistics suggest that Denver buyers and sellers should connect with a seasoned real estate advisor to develop winning strategies for the competitive summer ahead.
april 2024 → may 2024
average price $720,109 // ↓ 0.7%
days on market 27 // ↓ 10.0%
inventory 9,159 // ↑ 31.0%
homes sold 4,198 // ↑ 5.7%
may 2023 → may 2024
average price // ↑ 3.3%
days on market // ↑ 22.7%
inventory // ↑ 75.2%
homes sold // ↓ 5.4%