According to the latest housing market statistics from REcolorado, we continue to see higher inventory levels in the Denver Metro area, bringing more choices to buyers. Year to date, the count of new listings is 8% higher than we saw last year at this time. Additionally, homes are staying on the market slightly longer, selling at an average of 32 days. Prices are continuing to increase, but at a more moderate pace. In June, the average price of a single-family home (attached + detached) remained above the half-million-dollar mark, reaching $501,550, a 2% increase from last year.
All information above was provided by REcolorado.