Denver Real Estate Market Update – May 2022
With Courtney Murphy
Realty ONE Group Premier
Inventory saw another increase in April ending the month with 3,204 homes on the market. This was up 44.26% over March. Even though we are still well into seller’s market territory, buyers are feeling a bit of relief compared to the prior months. I fully expect to see inventory increase even more as we head into summer.
Average sales price in April came in at $726,988. This was up 3.46% over March and up 17.11% over April 2021.
Buying or selling a home in the Denver area? Contact Courtney Murphy at 720-476-0370 or cmurphyRE@gmail.com. Courtney is a Denver metro Realtor and long time resident with experience in both resale and new built home sales.