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May Colorado Real Estate Market Roundup

Our team at Colorado Real Estate School is committed to your ongoing success, and one of the ways we deliver on this commitment is by providing you with the important information necessary to build the foundation for success as a new real estate agent. This information comes in many forms, from our industry leading online real estate courses developed and taught by local real estate professionals to comprehensive blog posts covering a wide range of topics associated with the real estate industry.

We also deliver a monthly series providing you with insights into the latest trends in the Colorado real estate market. Below is a recap of the Denver and statewide real estate market performance over the past month.

Important Denver Metro Area Real Estate Statistics for April 2024

Based on the recent data released by REColorado:

April 2024 real estate market trends for Denver


Important Statewide Real Estate Statistics for April 2024

Based on the recent data released by the Colorado Association of Realtors:

April 2024 real estate market data for Colorado

What This Data Means for the Local Real Estate Market

The Denver housing market is starting to see an increase in available homes for sale, and this is driving a strong spring market. Inventory is continuing to rise, up from both March 2024 and year over year from April 2023. In fact, April was the fourth consecutive month of rising inventory, and the number of new listings for the year to date is 15% higher than at the same time last year. This means buyers have more options, increasing the chances they’ll find the right home for their specific needs.

While inventory has increased, demand has remained strong, as closed listings and pending listings increased from both April 2023 and March 2024. This has resulted in prices rising, hitting a new record high for median prices in the Denver Metro Area. Despite higher prices, home sales are on the rise – there were 3,837 closings throughout the Denver area in April. This was the third consecutive month with rising closings.

The number of listings pending sale increased 7% in April after increasing 27% in March. This figure is a strong indicator of future closings, and this bodes well for the local real estate market as we move into summer. All signs point to a vibrant market over the next few months.

Statewide, the data also points to a strong market. Inventory is up almost 14% compared with April 2023, and prices are up almost 6% as well. While new listings are up, pending listings also increased while closed listings stayed stable. This is another indication that buyer demand remains strong throughout the entire state.

Colorado Real Estate School Can Set You Up for Success

If you’re interested in pursuing a career in real estate, Colorado Real Estate School can provide you with the foundation for success. We offer the most comprehensive online real estate courses available, and these courses are loaded with all the essential information you need to pass your real estate exam and establish yourself as a leading real estate professional in your area.

Our online course format lets you move at your own pace, making it easy to fit your studying into a busy schedule. This is extremely beneficial if you’re trying to change careers and need to balance the demands of your coursework with a full-time job and family responsibilities.

In addition, you’ll be able to leverage the knowledge and insights of the leading local real estate professionals who create all our online real estate content. This insider insight is invaluable as you start to digest the nuances of the local real estate market.

While all courses are offered online, our VideoConnect Success Learning System™ will help you replicate an authentic classroom experience. At Colorado Real Estate School, we have the largest library of instructor-led video content in the industry.

You’ll also benefit from our TruSupport Pass Guarantee™. If you don’t pass your real estate exam on the first try, you’ll receive extended access to all course materials. We’ll also have one of our instructors analyze your test results to identify the areas where you struggled on the exam. Based on this information, we’ll work with you to develop a customized study plan focused on the areas where you need the most reinforcement. This process positions you to achieve a more successful outcome the next time you take the exam.

Contact us today to learn more about our online real estate courses.

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