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The market has shifted and remains healthy down the middle between buyers and sellers. Megan Aller with First American Title captures the current market perfectly in her May monthly recap: “One of the biggest themes we’re seeing right now is that the market has become incredibly selective. Homes that hit the market priced correctly, show beautifully, and check the right boxes are still moving quickly. Buyers are swiping right on those properties almost immediately. Everything else is finding itself stuck in the real estate version of being left on read.”
Bullet points with May stats:
~ The median sold price for single family homes (including attached and detached) in May is $615,000 which shows an increase (2.24%) from last month (April) and an increase (2.50%) from last year.
~ The average number of days on MLS in May was 38 days, which shows a 5% decrease from last month (April) and a 15.15% increase from last year in April.
~ Active listings at month end are 12,259. This shows a 6.24% increase from last month (April) and a 9.85% decrease from last year in April.
~ Average active listings for May are 12,259 (1985-2025). Record high May was 2006 with 29,045 listings and the record low was 2021 with 2594.
~ Historically, active listings increase an average of 9.38% from April to May. This year, the increase of 6.24% is below the historical average suggesting that current inventory growth is more moderate than that which has been historically observed.
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
