Market Sailing Along with Little Change

The news from the metro Denver real estate market in March is that there is no real news. The market continues to sail along in much the same way as it has for the last few years.

Here are just a few stats that prove the point:

• • There were 4,520 properties that closed in March of this year versus 4,522 closings in March of last year. That’s right … a difference of just two closed properties this year versus last year.

• • We ended March with 5,293 properties on the market, which is right at the 5,288 we had on the market at the end of March in 2015. Again, that’s right … a difference of just five properties from one year to the next.

• • The 12-month rolling average sale price was up 10.31% at the end of March and that’s within a hair’s width of where is stood at the end of March a year ago.

Here’s the summary of market performance this March compared to March of 2015:

The stats above are for sales activity in Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert and Jefferson counties. It includes homes sales handled by real estate agents though Metrolist/REColorado®, Inc., the MLS system serving the metro Denver area.

You can see a more extensive breakout between the single family and multi-family segments of the market by clicking on the links at the end of this post. Be sure to take a peek.

If you like the look of those reports, we can produce one for you that is specific to your zip code and property type. The market is not uniform. Your part of town may be doing better or worse than the metro-wide averages.

Single-Family Homes March 2016
Multi-Family Homes March 2016