Highlights

While only a slight uptick in average close price overall, attached homes set an all-time high with an average just over $504k

Available inventory jumped nearly 66% (and is up 94% over last year), boosting supply over 1 month (to 1.12) for the first time in 2 years

Despite higher interest rates, more supply will mean better opportunities for buyers with homes on the market longer leading to lower sales prices

inside the numbers

5,090

homes closed

sales price breakdown

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Average sales prices is up slightly from May and down from April, while buyers are paying $26k less over list price than 2 months prior

7,717

new listings

new listings v. closed sales

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Part of the inventory surge can be attributed to a wider gap between new listings (up 13%) and closed sales (down 12%) across all segments

4,943

homes under contract

days on market by segment

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Days on market inched up again in all segments and is up 1 day to 10 days over last month, a trend expected to continue with increased supply

11,369

total homes available

inventory movement

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Less than half of available homes went under contract in June, pushing inventory supply above 1 month for the first time in 2 years

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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