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The market is starting to heat up. I can see it in the numbers and also feel it when I am “out in the field” (assisting both sellers and buyers). Closed listings are up 40% from last month, showing that buyers are out there and ready to secure a home. Buyers were active in February, executing 6% more contracts on homes than last year at this time. Median and Average days on market have dropped both month over month and year over year. Median and Average sold price are up both month over month and year over year.
Bullet points with February stats:
~ The median sold price for single family homes (including attached and detached) in February is $576,584 which shows an increase of 2.05% from last month (January) and an increase of 2.41% from last year.
~ The average number of days on MLS in February 2024 was 47 days, which shows a 4.08% decrease from last month (January) and a 2.08% decrease from last year in February.
~ Active listings at month end are 5511. This shows a 13.14% increase from last month (January) and a 45.87% increase from last year in February.
~ Average active listings in February are 12,671 (from 1985-2023). The record high February was in 2006 with 25,484 and the record low was in 2022 with 1226. February 2024 shows active listings at month end of 5511.
Please reach out with any questions. I am happy to help.
If you have any questions or would like to discuss selling or purchasing a property, contact me today at 303-949-9683 or Amy@MountainTimeRealEstate.com .
#RealEstate #MarketStats #DenverMetro #MountainTimeRealEstate
