Real estate market updates for Denver Colorado.

In November, pending sales increased 22% year over year, indicating demand, with 3,034 properties under contract compared to 2,486 last year. Active listings remained elevated compared to previous years but dropped 17% when compared to October 2024. Months supply of inventory increased to 2.5 months, a 25% year over year rise. Overall, typical seasonal trends dominated in November, with most metrics declining month over month, except for condo pricing, days on market, and showings-related stats.

Supply - Active Listings

In November, active supply was down month over month (-17.2%) but remained elevated when compared to November 2023, which saw 6,765 active listings.

New Listings

November saw 2,642 new properties enter the market. This…

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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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In September, Greater Metro Denver saw both single-family home and condo prices decline year-over-year and from the previous month. Active listings were up 18% from last year but slightly lower than the prior month, with 10,321 listings. New listings increased 12% year-over-year, matching last month and 2022 levels. Pending listings rose compared to last year and last month, but remained well below 2020 and 2021 highs. Homes averaged 39 days on the market, a 35% increase from last year, while showings before going under contract rose 14% to 14.6. Showings per listing stayed stable at 4.9.

Supply - Active Listings

In September, active supply was down slightly month over month (-2.8%) but remained elevated when compared to September 2023, which…

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In August, Greater Metro Denver's real estate market saw a 25% increase in active inventory year-over-year, with months of supply rising to 3 months—a 30% increase. Homes took 36 days on average to sell, a 44% increase from last year. The condo market, however, experienced more pronounced changes: average condo prices fell by 6.3% from August 2023, active listings surged by 35%, and months of supply jumped 52% to 3.5 months. Additionally, pending listings dropped by 6%, and the average days on market for condos rose by 64% to 41 days. These shifts in the condo market will be important to watch as trends continue to develop.

Supply - Active Listings

The August active supply was down slightly month over month (-4.5%) but remained elevated when…

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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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Despite inventory gains, demand appeared to soften in June. Demand saw a cooldown compared to last year, with a decline of nearly 5%. Traditionally, we see a rise in pending sales from January to May or June, followed by a gradual decline through the end of the year. In 2023 and 2024, the market peak for pending was earlier than we have seen historically, with April being the peak pending month (so far for 2024). 

We might expect the number of active listings to continue increasing over the next one to two months, with the peak of active listings in August or September possibly reaching 10,000. Ultimately, what we are likely seeing is a shift in the market toward a more balanced or buyer-friendly market—assuming mortgage rates remain at current…

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Inventory surged with boosts in both new listings and active listings. This influx of supply, coupled with steady demand from last year, has led to a rise in active listings. New listings soared by 34% compared to the previous year, matching levels seen in 2020. Meanwhile, pending listings, indicating demand, saw a modest uptick of 1.6% from last month, slightly surpassing figures from this time in 2023. Notably, the average days on market decreased by 10.3% compared to the previous month, now standing at 26 days.

Supply - Active Listings

Active listing inventory increased by 20.6% when compared to April 2024. This was an increase of 39.7% when compared to last year at this time.

New…

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In January, there was a substantial surge in new listings, marking an 89.3% increase compared to the previous month and a significant uptick of nearly 12% compared to the same period last year. Concurrently, demand experienced notable growth, evidenced by a 38% rise in pending listings compared to the previous month, slightly surpassing the levels observed at the beginning of 2023. The average and median prices for single-family homes remained at elevated levels, surpassing historical January data since 2019.

Informal reports suggest a shared anticipation among both buyers and sellers for potential drops in interest rates throughout 2024. This heightened interest is fueled by considerable pent-up demand within the market.

Demand - Pending…

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As the anticipation of Christmas fills the air, the Colorado real estate market takes its seasonal siesta as inventory and demand show a typical decline. Despite this, the market remains dynamic, albeit on a slightly smaller scale.

Home prices have exhibited resilience, with the average closed price for single-family homes reaching $728,594—a modest increase compared to the same time last November. Condo and townhome prices continue to demonstrate strength, with an average closed price of $465,237. The real estate landscape in our area still remains vibrant, offering both buyers and sellers great opportunities. 

Demand - Pending Sales

Demand, a snapshot of the new pending sales reflects a decline in the…

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In October, the real estate market experienced the impact of both seasonality and fluctuating interest rates. There were fewer active listings, new listings, and pending listings compared to the same period last year. However, there was a slight increase in demand, as reflected in the number of pending listings, which is consistent with the trend observed in October 2022.

Despite these fluctuations, property prices continued to rise. The average closing price for single-family homes increased by 4.0% year-over-year, and the closed-price-to-list-price ratio reached 99.1%, marking a slight 0.3% increase from the previous year. While these changes may appear modest, they underscore the resilience and strength of property prices in the current market.

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