Denver Real Estate June Market Stats

Click on Map for Most Recent Metrolist Real Estate Statistics

Click on the map below to see the most recent Denver residential real estate statistics broken down by region:

Click Here for Total MLS Sales Statistics

Combined statistics for Denver and the surrounding suburbs:

Market Activity:

Days on the Market (DOM) for June:

Residential Year to Date Sales:

Behind the Numbers:

• Home sales prices increased 10% in June over the month of May.  This could be attributed to corporate transferees purchasing homes in the $400,000 range in May and June.  The first time buyers absorbed much of the lower price homes while the tax credit was still in play, leaving higher priced homes available for the corporate transfer home buyers.

• The total number of closed home sales was down a bit in June over May (by 140 transactions).  On the flip side, the year to date sales for the first half of this year showed an 8% increase over the same period in 2009.

• Overall Denver-Metro home inventory is increasing (up 8.8 in June of this year compared to the same time last year.)  This is not at all surprising – as those who had been thinking about selling – seized the opportunity, having seen the success of homes selling in spring.

• Days on market (DOM) increased a tad to 82 days in June over an extremely low DOM for May…still quite good.

• Freddie and Fannie national mortgage rates are still at historic lows.  This creates an amazing opportunity for folks poised to purchase a home.

Thank you to Jim Renshaw from Land Title Guarantee for providing the Map for Most Recent Denver Metrolist Real Estate Statistics and to Janet Marlow and Larry D. McGee for compiling the remaining Denver market statistics used on this post.