November 2024: Denver Real Estate Market Update
Posted by Neil Walton on
In October, Greater Metro Denver’s real estate market saw a 17% increase in active listings YoY, the highest since 2013, and an 18% rise in pending sales. Homes averaged 43 days on the market—up 10% from last month and 39% from last year. Notably, attached (condo/townhome) and detached (single-family) markets are reacting differently to high rates, with attached properties showing signs of a slowdown.
Supply - Active Listings
In October, active supply was down slightly month over month (-6.7%) but remained elevated when compared to October 2023, which saw 8,717 active listings.
New Listings
October saw 4,314 new properties enter the market. This data point decreased 10.7% when compared to last month, which saw 4,829 new listings. Last…
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