Real Estate Analysis and Commentary in Littleton

Monthly Market Report - May, 2021
June 16th, 2021 11:02 AM
The Denver metro area housing market remained steady in May with the number of closed homes and average closed prices staying consistent compared to last month. Throughout the month 3,848 single-family residences sold for an average price of $697,368, with more listings in Pending status than any other May on record. Meanwhile, the number of new listings was lower than we’ve seen in any other May since 2012, leaving only two weeks of inventory at the end of the month. The housing market remains competitive for buyers, with single-family residences on the market for an average of only 8 days.

*This data was gathered from RE Colorado and the Denver Metro Association of Realtors

Posted by Michael Manley on June 16th, 2021 11:02 AMPost a Comment

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