April 2017 Real Estate Statistics

The April 2017 Real Estate Statistics show that the 2017 Spring Denver real estate market is as busy as its ever been. The median sales price has increased by 1.34% but the number of sold homes and new listings show slightly less inventory than we had in March. Let’s hope these numbers increase for the month of May. The high demand for homes and drop in inventory explains the decrease for the average days on market, which fell by 22.23%. The median sales price also continues to rise and is now $375,000. Compare that to last year’s April median sales price of $346,975, prices are rising fast! Average 30 year fixed-rate mortgage rates dropped for the second straight month to 4.05% even though they were expected to rise throughout 2017.  These April 2017 real estate statistics show yet another busy spring real estate market here in Denver.

April 2017 Real Estate Statistics

 

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