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February 14, 2018
Sara Russell

2018 has kicked off with a bang as home prices continue to climb and inventory hits historic lows. According to Steve Danyliw, Chairman of the DMAR Market Trends Committee and Denver REALTOR®, “housing inventory lows in metro Denver will not change until new listings significantly outpace under contracts. In January, homes under contract were almost the same number as new listings. This means that as fast as listings come on the market, they are placed under contract.”

In January 2018, in the Denver Metro market (Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson and Park counties), we saw:

  • 2,736 total homes sold; down 36.22 percent from December 2017
  • Average sold price in the single-family home market jumped to $490,932 (up 1.44 percent from December 2017)
  • Median sold price in the single-family home market jumped to $385,203 (up 0.05 percent from December 2017)
  • Average sold price in the condo market increased to $354,613 (up 4.21 percent from December 2017)
  • Median sold price in the condo market increased to $285,000 (no change from December 2017)
  • 3,869 active listings at the close of January, a record setting low

The most active price segment for the single-family market continues to be $300,000 to $399,999, and $200,000 to $299,999 for condos.

*Data sourced from Denver Metro Association of Realtors Market Trends Committee: https://www.dmarealtors.com/dmar-real-estate-market-trends-report-feb-18 

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