Denver Residential Real Estate Shows Improvement in May

May’s statistics indicate more properties under contract as compared to April, but down from 1 year ago.  Denver home prices increased by 3% for the month and 4% year-to-year.   Days on market are up 43% to 109 days (this is a big increase!) Average price of a single family home in May is $279,433.

These stats are not very overwhelming, but remember that these reflect the entire market – all real estate is local. 

May Denver Residential Market Activity