Front Range Real Estate Market Update, December 5, 2024

If you tried to sell a home in metro Denver last month, you may have had more trouble than sellers in the past. The likelihood of selling your home within 30 days was below the average, demonstrating the slower pace of our current market. Inventory is higher than a year ago, but year-over-year prices rose for detached homes and fell for attached homes like condos and townhomes.

Our local market in November:

Residential – Detached and Attached Homes

Average Closed Price: $693,861
-1.79% month-over-month
+4.95% year-over-year

Median Closed Price: $585,000
-1.68% month-over-month
+3.05% year-over-year

Active Listings at the End of the Month: 9,310
-14.90% month-over-month
+39.29% year-over-year

Closed Homes: 3,022
-16.54% month-over-month
+6.04% year-over-year

Average Days in MLS: 47
+6.82% month-over-month
+23.68% year-over-year