First To Know
Market Stats for Greater Metro Denver
Recent Stats as of December 2023
Monthly Highlights
Home prices are holding up well. The single-family home average closed price was $728,594, a bit higher than last November. Condo/Townhome prices are still strong too, with the average closed price at $465,237, though slightly lower than this time last year.
Below are market highlights.
The Highlights
Single Family Average
$728,594
Up 0.2%
Condo/Townhome Average
$465,237
Down 0.4% YoY
Supply - Active Listings
The active listing inventory dropped by 2,006 homes compared to November of 2022. This is a 24.5% decrease.
0
Active Listings
DOWN
0
%
YoY
New Listings
Another challenge to the market is the reluctance of homeowners willing to sell. Homeowners are staying put due to their underlying fixed low mortgage rate. In November 2,457 new homes entered the market 131 fewer new listings than November of 2022.
0
New Listings
DOWN
0
%
YoY
Demand - Pending Sales
Demand, a snapshot of the new pending sales reflects a decline in the month-over-month pending sales, dropping from 2,945 in October to 2,570 in November, a decrease of 13% month-over-month. This level of demand is nearly identical to the corresponding month last year and when comparing November’s level of demand over the last several years, it closely aligns with pending sales in 2011.
0
Pending Sales
DOWN
0
%
YoY
Average Days in MLS
November saw the number of days on the market at 36 days, on average. Last year at this time we saw 33 days, on average. Last month saw 31 days.
0
Days in MLS
UP
0
%
YoY
Percent of Closed Price to List Price
This data point declined by 0.5% compared to last month but was up 0.2% compared to 2022.
UP
0
%
Closed to List Price
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. Real Estate Services.
- © 2023 Land Title Guarantee Company. All rights reserved.
Information and Statistics provided by Land title Guarantee Company
