Q1 2024 Zip Code Report

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The Denver Metro Association of Realtors® (DMAR) Market Trends Committee has reviewed and compiled real estate data for the first quarter of 2024, covering the months of January through March. This report provides insights into the real estate activity across 91 zip codes within the 11-county Denver Metro Area. The data includes median and average close prices, the number of closed transactions, and the average number of days properties spent on the MLS (Multiple Listing Service).

Key Highlights

• Median Close Price: This metric provides a midpoint value of all closing prices, offering a sense of the typical transaction amount.
• Average Close Price: The mean value of all closed transaction prices, which can be influenced by both high and low outliers.
• Closed Transactions: The total number of completed real estate transactions during the period.
• Average Days in MLS: Reflects the average duration properties remained listed before being sold, indicating the market's speed and competitiveness.

Important Considerations

• The information presented is sourced from REcolorado and was extracted on April 23, 2024.
• The data may not encompass all real estate activities within the market.
• No adjustments were made for any seller-paid concessions, potentially impacting the net transaction values.
• Some zip codes might display significant changes due to small sample sizes, which can exaggerate data variations.
• This report aims to provide a comprehensive overview of the real estate trends and market conditions in the Denver Metro Area for the first quarter of 2024. However, readers should consider the noted limitations and the potential for extreme changes in areas with fewer transactions.