Golesh Team

First To Know

Market Stats for Greater Metro Denver

Recent Stats as of September 2022
View of Rocky Mountains with Cherry Creek Lake

Monthly Highlights

Greater Metro Denver saw more of a balanced market in August as buyers had additional options when compared to last year and increased time to ponder their home buying choices. Other indicators of a return to more "normal" levels include that the closed-price-to-list-price is down, prices dropped slightly and days on market increased. The months supply of listings for August was at 2020 levels. Prices remained high at $739,089 on average for a single family home but came down 4.7% when compared to last month. For reference, the all-time high was set in April of 2022 at $819,253. The median price for a single family home was at $640,000 - a decrease of 1.5% when compared to last month but up 10.3% when compared to last year.

The Highlights

Single Family Average

$739,089

Up 8.5% YoY

Condo/Townhome Average

$451,619

Up 3.7% YoY

Supply - Active Listings

Active Listings are up 35% year-over-year but down 13.8% when compared to last month.

0
Active Listings

UP

0 %
YoY

New Listings

New listings were down 15.5% when compared to last year and down 17.5% when compared to last month. This is likely an indication that sellers better understand that the frenzy of the spring market passed and are taking more of a “wait and see” approach.

0
New Listings

DOWN

0 %
YoY

Demand - Pending Sales

Demand is down 20% year-over-year but saw an 11.2% increase when compared to last month. 

0
Pending Sales

DOWN

0 %
YoY

Average Price per SqFt - Single Family

The average price per square foot for single family homes dropped 2.4% when compared to last month, but is up 6.4% when compared to last year at this time. 

$ 0
Avg PPSF - Single Family

UP

0 %
YoY

Average Days in MLS

Days on market saw an increase to 18 days on average. This was an increase of 38.5% when compared to last month, which was at 13 days on average.

0
Days in MLS

UP

0 %
YoY

Percent of Closed Price to List Price

This data point saw a significant drop when compared to last month and indicates a move back to a “normal” market. In the below graph we track this data point back to 2009. For reference, April 2022 saw its all-time high at 106.9%.

0 %
Closed to List Price

DOWN

0 %
YoY

Greater Metro Denver includes the following counties:

  • Arapahoe, Adams, Broomfield, Denver, Douglas, Elbert and Jefferson
  • Reports are based on information from REColorado®, Inc. for the period shown in title. Note: This representation is based in whole or in part on content supplied by REColorado®, Inc. REColorado®, Inc. does not guarantee nor is in any way responsible for its accuracy. Content maintained by REColorado®, Inc. may not reflect all real estate activity in the market.
  • Information deemed reliable but not guaranteed.
  • © 2020 Land Title Guarantee Company. All rights reserved.

Information and Statistics provided by Land title Guarantee Company

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