Highlights
October represented a cooling of the market across the board consistent with Denver’s normal year-end seasonality
While homes are still closing above asking (101.82%), the extreme bidding wars are less common, giving buyers without 20% down a fairer shot at landing a home
With prices and interest rates consistent month-over-month, the door is open for buyers who burned out over the summer
Key Stats
$612,719
average sales price
↓0.96%
change since last month
↑9.53%
change since last year
With price consistent the past few months, the door is open for buyers
14
average days on market
↑6.69%
change since last month
↓41.67%
change since last year
Consistency here is another sign of market stability the past few months
3,376
active listings (inventory)
↓14.98%
change since last month
↓29.97%
change since last year
Inventory is lower, consistent with Denver’s normal year-end seasonality
5,169
closed sales
↓8.29%
change since last month
↓20.76%
change since last year
With less available inventory each month, this metric will remain down
Data source: DMAR Real Estate Market Trends Report
The Denver Metro Area encompasses 11 counties: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park.
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