November 2022

Home prices in Metro Denver have fallen for about six months. With higher interest rates, inflation and fears about the economy, why haven’t they fallen even further?

October numbers just arrived. There were more than twice as many homes for sale last month compared to October 2021. The average sold price is up 8.22% compared to a year ago, but down 10.8% from a peak of $742,491 in April. Homes continue to take longer to sell, with the average home taking 28 days to sell in October.