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Welcome to the May 2021 real estate market report for the Denver area.
Much like the rest of 2021, May was a very hot month for the Denver housing market. As the number of closed listings has increased since last year and the number of new listings has decreased, Denver is a seller’s market with only 0.6 months of supply. Home prices have appreciated 23% since last year, with the median sale price topping out at $525,000. With houses only on the market for an average of 15 days, the Denver market remains extremely competitive.
You can review the full numbers in the infographic below:
Check back next month to see how Denver's housing market performed in June.