GDMA municipalities include: Arvada, Aurora, Bailey, Brighton, Broomfield, Castle Rock, Centennial, Cherry Hills Village, Commerce City, Conifer, Denver, Englewood, Evergreen, Golden, Highlands Ranch, Lafayette, Lakewood, Littleton, Lone Tree, Louisville, Northglenn, Parker, Thornton, Westminster, Wheat Ridge.
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May 2022 Denver Metro Area Market Thumbnail
Colorado Relocation Professionals
May 2022 National Market Stats Snapshot
New Listings were up 13.7 percent for single family homes and 4.7 percent for townhouse-condo properties.
Under Contracts increased 0.5 percent for single family homes but decreased 6.9 percent for townhouse-condo properties.
The Median Sales Price was up 13.5 percent to $650,000 for single family homes and 12.6 percent to $437,000 for townhouse-condo properties.
Days on Market decreased 16.7 percent for single family homes and 44.4 percent for townhouse-condo properties.
The slowdown in sales has provided a much-needed lift to housing supply, with inventory up 10.8% from the previous month according to NAR, although supply remains down 10.4% compared to this time last year, with only 2.2 months’ supply of homes at the current sales pace.
As the nation continues to explore ways to solve the ongoing housing shortage, estimated at 5.5 million homes, the Biden administration recently unveiled the Housing Supply Action
Plan, which aims to expand housing access through a number of administrative and legislative actions and help relieve the nation’s housing crisis over the next 5 years.
Current as of June 3, 2022. All data from REcolorado®.
Report © 2022. ShowingTime.