Sale price is up significantly year over year, coming in at just over 30K more than 2019. Overall for Q1 so far, we’re not seeing the degree of price softening as Denver experienced last year (and typically experiences).
We’re seeing more days on market than last year too, with an average of 40 days compared to last February’s 36.
Inventory saw a drop year-over-year, with 1.6 months compared to 2.2 in 2019.
Though there were fewer homes listed in February of 2020 than 2019, there were over 50 more sales, leading to the drop in inventory and the lower than average dip in median sales prices over the first couple months of 2020.