Ready to Make Your Move?Market Update, August 25, 2022
In past updates, we’ve looked at price decreases and seen that more and more sellers have lowered their asking prices, which shows how sellers are adjusting to a changing market.
Knowing more about current prices, the number of homes on the market, and how long homes stay on the market can help us further understand how things are changing.
In August 2021, the average price for a home sold in Metro Denver was $614,577; homes spent an average of 11 days on the market.
Let’s look at a few cities around town TODAY to see how things have changed. Simply put, prices are up, and homes take much longer to sell. Over the coming months, we’ll revisit these statistics to see how things are changing.
Denver
Homes for Sale Today: 1669, New Listings Today: 64
Pricing:
| Average List Price | Median List Price |
| $802,233 | $599,000 |
Days on Market:
| Average Days on Market | Median Days on Market | 15+ Days On the Market | 30+ Days On the Market | 60+ Days On the Market |
| 45 | 30 | 72% | 51% | 24% |
Boulder
Homes for Sale Today: 330, New Listings Today: 18
Pricing:
| Average List Price | Median List Price |
| $2,012,178 | $1,295,000 |
Days on Market:
| Average Days on Market | Median Days on Market | 15+ Days On the Market | 30+ Days On the Market | 60+ Days On the Market |
| 51 | 35 | 71% | 53% | 29% |
Highlands Ranch
Homes for Sale Today: 187, New Listings Today: 12
Pricing:
| Average List Price | Median List Price |
| $858,115 | $734,500 |
Days on Market:
| Average Days on Market | Median Days on Market | 15+ Days On the Market | 30+ Days On the Market | 60+ Days On the Market |
| 38 | 30 | 71% | 51% | 22% |
Littleton
Homes for Sale Today: 430, New Listings Today: 13
Pricing:
| Average List Price | Median List Price |
| $888,756 | $719,500 |
Days on Market:
| Average Days on Market | Median Days on Market | 15+ Days On the Market | 30+ Days On the Market | 60+ Days On the Market |
| 45 | 29 | 71% | 50% | 26% |
Westminster
Homes for Sale Today: 192, New Listings Today: 10
Pricing:
| Average List Price | Median List Price |
| $648,958 | $565,000 |
Days on Market:
| Average Days on Market | Median Days on Market | 15+ Days On the Market | 30+ Days On the Market | 60+ Days On the Market |
| 38 | 29 | 73% | 47% | 18% |
See your home's value. Call David and Tom at 720-782-2468 or schedule a free phone consultation.
Schedule Your Call NowMetro Denver Real Estate Market Activity
During the last week:
New Listings – 1563
Back On Market – 337
Price Increase – 133
Price Decrease – 1998
Pending – 1645
Withdrawn – 203
Closed – 1327
Expired – 242
Previous Week:
New Listings – 1393
Back On Market – 298
Price Increase – 82
Price Decrease – 1777
Pending – 1582
Withdrawn – 290
Closed – 1216
Expired – 240
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Based on data from REColorado®
Trends in Metro Denver
- Home Prices
- How Long It Takes to Sell a Home
- Prices Per Square Foot
- Showings Until Pending
- Active Listings
- New Listings
- Closings
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