First To Know
Market Stats for Greater Metro Denver
Recent Stats as of September 2022
Single Family Average
Up 8.5% YoY
Up 3.7% YoY
Supply - Active Listings
Active Listings are up 35% year-over-year but down 13.8% when compared to last month.
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.
Demand - Pending Sales
Demand is down 20% year-over-year but saw an 11.2% increase when compared to last month.
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.
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.
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%.
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.
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