Denver, CO - Local Housing Data - Summary

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Denver, Aurora, CO

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Denver, CO Local News

  • America's 10 Fastest Housing Markets

    Nationwide, the median age of housing's listed-for-sale inventory is 78 days, a month-over-month rise in May of nearly 5%. Here are 10 markets where the span of listed-for-sale days stretches from just 20 in Denver to 43 in Omaha.

  • 10 Fast-Moving Housing Markets

    Nationwide, the median age of the housing inventory is 78 days, a month-over-month rise in May of nearly 5%. Here are 10 markets where the span of listed-for-sale days stretches from just 20 in Denver to 43 in Omaha.

  • Top 10 Markets Attracting Millennial Buyers

    Millennials are far from the leading new-home buyer demographic in big markets, but some smaller markets are showing strength in attracting young buyers. Here, BUILDER ranks the top 10 markets successfully selling more homes to Gen Y.

New Home Prices Climb in Denver According to Recent Figures, Sales Decrease

Posted on: Jun 06, 2014 07:12:16 AM

The Denver, CO market saw a drop in new home closings year-over-year in March, curving down after an increase in February 2014. There was a 3.5% drop in new home closings from a year earlier. This came after a 15.8% hike year-over-year in February.

A total of 5,573 new homes were sold during the 12 months that ended in March, down from 5,591 for the year that ended in February.

Out of all housing closings, new home closings accounted for 10.3%. A year ago, new home closings accounted for 9.7%. Closings of new and existing homes slid year-over-year in March after also falling in February year-over-year.

Pricing and Mortgage Trends

For newly sold homes, the average price jumped 5.0% year-over-year in March to $410,484 per unit. This surge is smaller than the 8.1% rise in February year-over-year.

For newly sold homes, the average mortgage size saw a hike year-over-year along with new home prices. It rose to $333,975 in March, a 2.5% bump. Average mortgage size gained 3.8% in February 2014 from a year earlier.

 
 
 

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