The Denver real estate market continues to be as hot as our weather! The biggest story right now is the lack of inventory in the metro area’s real estate market. At the close of May, active inventory was at a total of 2,075 detached and attached residential homes, which is 71% lower than this time last year! Homes that closed in May were at a total of 5,322 which is 49% higher than the same time in 2020. And perhaps the number everyone looks for… the average sales price of a single family home in May was $700,559 which is 29% higher than May 2020! Wow.
Please let us know if we can help you with any real estate questions. We are here to assist and navigate this busy real estate market. There is much more info below and don’t forget to scroll down to see the data for the LUXURY MARKET.