Both seasonality and increasing interest rates played a role in the Greater Metro Denver housing market in October. Buyers continued to have an upper hand - when compared to the prior two years - with more days on market and a decreased percent closed price to list price, as well as more inventory. In fact, months supply of listings was up 88.9% when compared to last year at this time.
Percent of Closed Price to List Price
This data point saw a continued drop and was down 0.1% when compared to last month. This data point is the lowest we have seen in 4 years.
Supply - Active Listings
Active inventory was up 60.2% year-over-year and down 10.1% compared to last month.
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