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Front Range Real Estate Market Update, August 25, 2022

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%

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Metro 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Withdrawn – 203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

Based on data from REColorado®