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At the end of the month of June, the Denver market has more than 10,000 active homes, something we have not seen since 2013. Home sellers are returning to the market but are finding buyers hesitant. June 2024 saw a shift from traditional trends, as retraction grips the Denver market. Properties selling over asking price declined, and concessions became the norm.
Bullet points with June stats:
~ The median sold price for single family homes (including attached and detached) in June is $608,000 which shows a slight increase of 1.33% from last month (May) and a slight increase of 1.50% from last year.
~ The average number of days on MLS in June 2024 was 27 days, which shows a 3.85% increase from last month (May) and a 17.39% increase from last year in June.
~ Active listings at month end are 10,214. This shows a 11.52% increase from last month (May) and a 68.27% increase from last year in June.
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 .
