Greater Metro Denver saw a decline in active inventory and new listings in July compared to June. Homes stayed on the market longer, averaging 29 days, giving buyers more time for decisions. The average number of showings until pending rose by 8.9% to 13.40. There were 4,737 new listings, a 5.5% increase year-over-year but a 13.1% decrease from last month. Pending listings remained nearly the same as in July 2023. Average prices for single-family homes stayed flat compared to both last month and last year, while average condo prices dropped by 6.9% year-over-year. Attention is now on the Federal Reserve meeting on September 17-18.

Supply - Active Listings

After a steady incline since the beginning of the…

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