May 2016 Denver Real Estate Market News
Homendo Editorial Team
May 18, 2016 • Forensic Industry Report
The single-family market saw new listings jump to 4,702, representing a 13.38 percent increase month over month. Average and median sold prices bumped up from the previous month with increases of 2.7 percent to $443,950 and 2.4 percent to $385,000 respectively. Year over year, single-family home prices were up 10 percent.
The condo market showed the supply of new listings increase eight percent to 1,685 units over the previous month, while the average and median sold prices posted mixed results of -0.07 percent to $286,606 and increased two percent to $240,000 respectively. Year over year, condo average and median sold prices were up 12 percent and 17 percent respectively.
#may
#2016
#may 2016
#denver homes
#may homes
#may homes denver
#market trends denver
#buy a home in denver
#average homes price
#denver tourism
#denver transplants
#expat denver