Highlights
November saw another drop in inventory with continued seasonal decline expected, setting up for a competitive 2022
Despite low inventory, more homes have been purchased year-to-date than in any of the previous 5 years with a record-setting median sales price of $525,000
With less buyers in the market and interest rates remaining low, buyers who keep looking through the holidays have a competitive advantage
Key Stats
$629,479
average sales price
↑2.91%
change since last month
↑15.49%
change since last year
With prices still consistent through the fall, the door remains open for buyers
15
average days on market
↑7.14%
change since last month
↓31.82%
change since last year
Have a plan in place to move on a home the first weekend it is active
2,248
active listings (inventory)
↓33.41%
change since last month
↓34.17%
change since last year
With some homes still being priced high, consider homes active a while
4,932
closed sales
↓10.39%
change since last month
↓8.73%
change since last year
Despite low inventory, people are finding and purchasing good homes
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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