Denver Metro Market Recap April 2023

Denver Metro Market Recap April 2023

market highlights  Buyer demand remains high as average close price was up another 2.6% to $682,061 & median days on market dropped from 10 to 7 days  Inventory did not keep pace as new listings were down 7% after a 47% bump in March, leaving us with under 1...
Denver Metro Market Recap March 2023

Denver Metro Market Recap March 2023

market insights  Sellers listed more homes (up 47%), saw their homes go under contract faster (median down to 10 days from 25) & did less price reductions (down to 37%)  Buyers, aided by a slight dip in the 30-yr fixed mortgage rate, were ready to pounce but...
Denver Metro Market Recap February 2023

Denver Metro Market Recap February 2023

market insights  Buyers are back, causing a bump in average close price (up 5%) & homes under contract (up 19%), while median days on market is down 9 days (26%)  Despite increased listing activity (up 21%) & month-end inventory 3x higher than this time last...
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...