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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