April monthly economic indicators

The Metro Denver Economic Development Corp. recently released its April Monthly Economic Indicators report.

The Monthly Economic Indicators is a comprehensive analysis of economic conditions in the seven-county metro Denver area, or the region comprised of Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson counties. The report presents recent data and long-term trends for the seven-county region, MSAs, or counties, depending on availability. The analysis includes four sections: labor force and employment, the consumer sector, residential real estate and commercial real estate.

Highlights of the report include:

  • Employment in metro Denver rose 2.5 percent between February 2015 and 2016, or an additional 38,600 jobs during the period. The employment growth consisted of a 2.6 percent increase in the Denver-Aurora-Lakewood MSA, or an additional 35,600 jobs, and a 1.7 percent increase in the Boulder MSA, representing 3,000 jobs.
  • Retail sales in metro Denver increased 5.3 percent between June 2014 and 2015, with sales totaling over $10.5 billion in June 2015. Four of the seven metro Denver counties reported year-over-year growth.
  • Existing home sales in metro Denver increased between January 2015 and 2016, rising 13.2 percent to 3,318 homes sold during the month. The average sales price for single-family homes rose 13 percent over-the-year to $410,009, while the average sales price of condominiums ($270,291) increased 30.4 percent during the same period.

The report is available here.

Edited by the Colorado Real Estate Journal staff.