April Market Stats

The average cost of a single family homes hit new highs in April, topping $400,000 for the first time, according to REcolorado’s monthly market report. That’s good news for sellers, but buyers also have reason to celebrate REcolorado’s report. In April, inventory rose significantly — 21% over March. The number of homes under contract also rose by 7% over March. “Improved inventory expanded choices for consumers in April, bringing more buyers to the market and contributing to positive sales,” REcolorado’s president and CEO Kirby Slunaker told Inside Real Estate News.