In the Denver Metro Area this May, 3,437 homes closed, a year-over-year decrease of 44%. As compared to last month, sales saw a 13% decrease.

In May, the count of listings in Pending status was 6,935, which is 119% more than last month and up 14%, from May 2019.

Homes Closed Year-Over-Year Change

May 2019 -- 6,164
May 2020 -- 3,437
-44%

In May, the average price of a home in the Denver metro area was $502,441, a year-over-year increase of less than 1%. Compared to last month, there was also an increase of less than 1%.

Single-family residences sold for an average price of $542,479, down 2% year over year. The price of multi-family/ condos/townhomes was up 4% from May 2019, at an average of $394,670.

Average Closed Prices Year-Over-Year Change

May 2019 -- $502,491
May 2020 -- $502,441
+0%