May 2019 - Denver Real Estate Market Update

  • Cumulative Days on Market (median): 7 days (MoM: -28.57%, YoY: 28.57%)

  • Months of Housing Inventory (single family): 1 month (MoM: 0%, YoY: 0%)

  • Number of New Listings: 4,661 homes (MoM: 22.21%, YoY: 8.05%)

  • Sale Price (median): $451,500 (MoM: 2.33%, YoY: 0.11%)

  • Mortgage Rate:30 yr FRM: 4.2%, 15 yr FRM: 3.64%, 5/1 yr ARM: 3.77%

You can watch my detailed commentary in the video.