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?
