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.
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Supply - Active Listings
After a steady incline since the beginning of the year, July's active supply was down slightly month over month (-1.3%). This data point remained elevated when compared to July 2023, which saw 7,356 active listings.
New Listings
July saw 4,737 new properties enter the market. This data point declined 13.1% when compared to last month, which saw 5,450 new listings.
New Listings
July saw 4,737 new properties enter the market. This data point declined 13.1% when compared to last month, which saw 5,450 new listings.
New Listings
July saw 4,737 new properties enter the market. This data point declined 13.1% when compared to last month, which saw 5,450 new listings.
Average Days in MLS
July saw the number of days on the market at 29 days, on average. Last year at this time we saw 23 days, on average. Last month saw 27 days.
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Reports based on data from REColorado®, Inc.
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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Mortgage Data Source: Freddie Mac
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