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...
Denver Metro Market Recap July 2022

Denver Metro Market Recap July 2022

Highlights  An indicator of a balancing market, homes closed on average $5,552 over list price, an 88% drop from the high mark of $47,560 in April  Available inventory continues to climb and is up 81% over last year as only 36% of available homes went under contract...
Denver Metro Market Recap June 2022

Denver Metro Market Recap June 2022

Highlights  While only a slight uptick in average close price overall, attached homes set an all-time high with an average just over $504k  Available inventory jumped nearly 66% (and is up 94% over last year), boosting supply over 1 month (to 1.12) for...
Denver Metro Market Recap May 2022

Denver Metro Market Recap May 2022

Highlights  In a sign that the market may be moving toward some normalization, both average & median sales price were down slightly over last month  Available inventory continued its steady & slow climb, with 10% more homes available to buyers...