May 2016 Market Report is Now Available

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May 2016 Market Report Cover

At the end of May 2016, there were 6,565 homes on the market (down 4.6% from May 2015). 7,372 homes were under contract at the end of May 2016 (down 0.4% from May 2015). There were 4,939 homes sold in May 2016 (down 11.6% from May 2015). It took on average 24 days for a home to go under contract in May 2016 (up 14.3% from May 2015). The average sold price in May 2016 was $407,662 (up 9.2% from May 2015). Finally, the average percent of sold price to list price in May 2016 was 101.1% (up 0.1% from May 2015).

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Residential Highlights:

May 2016 Kentwood Real Estate Snapshot
Source: RECOLORADO.COM