First To Know
Market Stats for Greater Metro Denver
Recent Stats as of September 2022
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
