October represented a cooling of the market across the board consistent with Denver’s normal year-end seasonality.
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.
With prices and interest rates consistent month-over-month, the door is open for buyers who burned out over the summer.
$612,719 Average Sales Price
With the price consistent for the past few months, the door is open for buyers.
14 Average Days on Market
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
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.