Denver home prices defied gravity again.
reveals a new record average home price for a detached home in the metro area in April: a skosh over $825,000. That's an increase of more than $30,000 since March, and well over $100,000 above the average at this time last year. And the median price exceeded $684,000, also a six-figure rise from twelve months earlier.
The DMAR figures reveal that 5,023 detached homes hit the market in April, up from 4,332 a month earlier. That represents a 15.95 percent bump from March and an 8.82 percent hike over the previous April. Closed sales went from 3,312 in March to 3,452 in April, a 4.23 percent month-over-month change, and a 12.12 percent leap from last year.
But in both November and December, the average again broke the $700,000 barrier, landing at $703,847 and $704,716, respectively, before slipping to $688,127 in January. This drop proved short-lived, however: The February 2022 average, adjusted to $738,472, was the highest ever recorded by DMAR, and the newly tweaked number for March hit $793,836, which seemed like a stunning amount at the time. But April's $825,073 left it in the dust.
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