May Denver Metro housing market statistics from REcolorado show year-over-year declines as a result of the coronavirus. The count for closed listings was 44% lower than last year at this time as buyers postponed their home purchasing. The number of New Listings sellers brought to the market also slowed, down 17% from a year ago. Home prices held somewhat steady, up less than 1% from last year. On average, homes spent 24 days on the market, the same number of days as this time last year.

Month-over-month indicators for the housing market showed increased activity as in-person home showings and the availability of live-stream tools provided the ability for shoppers to see more homes. Home closings were down 13% compared to April, but the listings that moved into Pending status saw a 119% increase, indicating market activity picked up significantly. To meet the high demand, sellers brought 7,337 New Listings to the market, up 52% from last month. Prices and Days in MLS remained steady.

Compliments of: REColorado