Housing StatisticsJUNE

NEW LISTINGS

6,844

7,065

-3.1%

2018

2018 2017

South Metro Denver REALTOR® Association Monthly Statistics and Trends in the Real Estate Market

20172018

LISTINGS SOLD

5,396

-6.1%

20172018

HOMES UNDER CONTRACT

MEDIAN DAYSON MARKET* MEDIAN PRICE

JUNE 2018

*Median provides a more accurate representation of DOM, by lessening the impact of anomalies & outliers.

The South Metro Denver REALTOR® Association (SMDRA) Statistics Committee provides this information for SMDRA REALTOR® and A�liate member use, and for distribution to their clients. SMDRA REALTORS® arethe voice of real estate. Data provided by REColorado. Market data current as of the 4th business day of the month, for residential single family and condo/townhomes in Adams, Arapahoe, Broom�eld, Denver, Douglas, Elbert and Je�erson counties. This information deemed reliable, but not guaranteed. REcolorado.All rights reserved.

JUNE 2017

5,5005,573

+1.3%

20172018

6=

6 $417,000 $387,500+7.6%

5,746

Housing StatisticsJUNE2018

South Metro Denver REALTOR® Association Monthly Statistics and Trends in the Real Estate Market

• Many sellers are choosing to stay in their homes and remodel

• Sellers can't find a replacement home that is better or as good as the one they are currently living in

• Earlier then normal spring selling season

• Prices continue to increase

• Slow down in building permits = slow down in new homes being built

• Sellers are opting to rent their current home and purchase another one instead of selling

• Interest rate are beginning to climb. Remember 1% rate increase = 11% price increase

In June: Why have the number of new listings gone down from May 2018 to June 2018, when in the previous 2 years they have gone up?