Denver Real Estate Market Update: April 2009
Single Family (Res + Cond)
*Â Â Â Â Â Â Â Â Active listing inventory was 20,705 at end of month
*Â Â Â Â Â Even versus month ago figures
*Â Â Â Â Â Â Â Compared with Apr 08, this represents a 21% decrease
*Â Â Â Â Â Â Â Â Under contract listings were up 7% to 5,183 units compared with prior month
*Â Â Â Â Â Â Â However, under contracts dropped 18% from same month, year ago
*Â Â Â Â Â Â Â Â Sales volume (units) totaled 3,390
*Â Â Â Â Â Â Â Up 6% compared to Mar 09
*Â Â Â Â Â Â Â Down 21% compared to Apr 08
*Â Â Â Â Â Â Â Â Year-to-date (YTD) sales are down 17%,
*Â Â Â Â Â Â Â 13,962 units sold YTD 08 vs 11,549 units sold YTD 09
*Â Â Â Â Â Â Â Â Average sales price was $233,482, even with prior month
*Â Â Â Â Â Â Â 6% decline from Apr 08, $247,583 avg price
Residential
*Â Â Â Â Â Â Available inventory was at 15,639 active listings, even with prior month
*Â Â Â Â Â Â Â This represents a 22% decrease from same month year ago
*Â Â Â Â Â Â Â Â Under contract listings increased 6% to 4,153 from Mar 09 figures, but were down 18% compared to Apr 08
*Â Â Â Â Â Â Â Â Sales were up 5% from month ago to 2,706 units sold
*Â Â Â Â Â Â Â Compared with Apr 08, units sold dropped 19%
*Â Â Â Â Â Â Â Â YTD sales (units) were down to 9,247 from 10,997, a 16% decline
*Â Â Â Â Â Â Â Â Average sales price was $254,442
*Â Â Â Â Â Â Â Up 3% compared with Mar 09, $251,583 avg price
*Â Â Â Â Â Â Â Down 5% versus Apr 08, $267,259 avg price
*Â Â Â Â Â Â Â Â Median sales price was $210,000, up 1% versus prior month, but down 5% from Apr 08
Condo
*Â Â Â Â Â Â Â Â At close of Apr 09, there were 5,066 available units
*Â Â Â Â Â Â Â Even compared to prior month and down 17% compared to Apr 08
*Â Â Â Â Â Â Â Â There was a 12% increase in under contract units compared with Mar 09
*Â Â Â Â Â Â Â Under contract listings were down 16% versus same month year ago
*Â Â Â Â Â Â Â Â 684 units sold in Apr 09, which represents an 11% increase from Mar 09 and a 25% drop from Apr 08
*Â Â Â Â Â Â Â Â YTD there were 2,302 units sold, down 22%
*Â Â Â Â Â Â Â Â Average sales price were $150,560, a nearly even with Mar 09 and down 14% from Apr 08
*Â Â Â Â Â Â Â Â Median price were up 1% to $130,000 compared with prior month, 128,500
*Â Â Â Â Â Â Â Median price dropped 3% from $134,500 in Apr 08
