June 2022 Denver Market Update:
May numbers indicate a slight cooldown of the red hot Greater Metro Denver market. The average close price was up when looking at year-over-year but dropped 2.1% when compared to April. The median sales price landed at $668,000 for May - a 1.6% decrease when compared to April.
Demand remains robust with pending listings up 12.9% when compared to April, further underscoring that Metro Denver remains a desirable place to live. And, buyers are likely feeling some (slight) relief with average days in MLS ticking up 12.5% when compared to last month to 9 days.
Key highlights for May are below.
Supply - Active Listings
Active listings are just above 2021 levels but did see a decrease of 3.5% when compared to…
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