Denver Metro Market Update: June 2018

The Denver area real estate market continues to sizzle into the Summer as homes sell quickly and prices increase steadily even with an increased housing inventory. In the Denver Metro market (including Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson and Park counties), we also saw:

  • 3,807 total single-family homes sold; up 9.37 percent from last month
  • Average sold price in the single-family home market jumped to $540,624 (up 0.10 percent from last month)
  • Median sold price in the single-family home market jumped to $451,000 (down 0.88 percent from last month)
  • Average sold price in the condo market increased to $356,337 (up 0.56 percent from last month)
  • Median sold price in the condo market increased to $305,000 (up 2.52 percent from last month)
  • 6,437 active listings at the close of May, a steady seasonal increase as we head into what is traditionally the busiest real estate season

Even with prices hitting record breaking levels, investing in real estate is still possible! Listen to Atlas’ own Mike Hills talk real estate investment on Haystack Help Radio.

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