Monday, April 16, 2012

Denver asking prices for homes up 15 percent, inventory down

The single-family and condo inventory in the Denver area declined 33.8 from mid-April 2011 to the same period this year. According to new data released today by, the total inventory declined from 22,133 to 14,647 year over year, but was up 3 percent month over month, reflecting seasonal changes.

The median asking price in the Denver area, from April 2011 to April 2012, was up 15 percent, and it was up 2 percent, month over month. The median asking price increased from $255,586 to $294,197 year over year.

At the the national metro aggregate level, the single-family and condo inventory declined 20.6 percent, year over year, while the median asking price rose 3.4 percent from $222,526 to $230,205. Month over month at the national level, the inventory rose 0.3 percent while the asking price rose 1.9 percent.

Note: The median asking price tends to be significantly higher than the median selling price. For median selling prices, see here.