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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