Denver Metro Market Recap January 2023

Denver Metro Market Recap January 2023

market insights  Average close price fell slightly from December (1.5%) but was 3% ahead of January 2022 as buyers and sellers jumped back into the market  Like the start of last year, the January market gained momentum each week as we saw an increase of 65% new...
Denver Metro Market Recap December 2022

Denver Metro Market Recap December 2022

market insights  Average close price fell 3% from November as buyer activity slowed over the holidays and homes were on the market 26% longer  While active inventory saw a 24% drop from the previous month, it is up 222% from the record low at this time last year ...
Denver Metro Market Recap November 2022

Denver Metro Market Recap November 2022

market insights  Home prices held strong and remained relatively flat, despite a seasonal slowdown with inventory down 14% and days on market up 21%  Still working through both sides of a market adjustment, average list price held relatively flat while homes closed...
Denver Metro Market Recap October 2022

Denver Metro Market Recap October 2022

market insights  With new listings, closings & average close price down, the market continued to normalize as is expected in fall and looks to be leveling out through the holidays  A sign sellers are being forced to adjust with the market, the average list price...
Denver Metro Market Recap September 2022

Denver Metro Market Recap September 2022

market insights  We are moving from a strong seller’s market to a more balanced market as inventory & days on market are up along buyer negotiating power  Homes continued to close on average under list price for the second straight month and for almost...
Denver Metro Market Recap August 2022

Denver Metro Market Recap August 2022

Highlights  An expected seasonal shift in the market meant 18.5% fewer homes were listed in August as we transitioned into the school year  Homes closed on average under list price for the first time in 2 years as sellers are realizing they can no longer price at...