November saw another drop in inventory with the 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 fewer buyers in the market and interest rates remaining low, buyers who keep looking through the holidays have a competitive advantage.
$629,479 Average Sales Price
With prices still consistent through the fall, the door remains open for buyers.
15 Average Days on Market
Have a plan in place to move on a home the first weekend it is active.
2,248 Active Listings (Inventory)
With some homes still being priced high, consider homes active for a while.
4,932 Closed Sales
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.