Highlights
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October represented a cooling of the market across the board consistent with Denver’s normal year-end seasonality.
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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.
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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
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0.96% change since last month.
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9.53% change since last year.
With the price consistent for the past few months, the door is open for buyers.
14 Average Days on Market
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6.69% change since last month.
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41.67% change since last year.
Consistency here is another sign of market stability over 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
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8.29% change since last month.
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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.
