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Front Range Real Estate Market Update, November 3, 2022

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.

Residential – Detached and Attached Homes

Average Closed Price: $661,335
-1.36% compared to September
+8.22% year-over-year

Active Listings at the End of the Month: 7,290
-5.12% compared to September
+115.94% year-over-year

Closed Homes: 3,315
-24.64% compared to September
-40.33% year-over-year

Days in MLS: 28
+7.69% compared to September
+100% year-over-year

Detached Homes

Average Closed Price: $738,145
-0.97% compared to September
+7.89% year-over-year

Active Listings at the End of the Month: 5,444
-6.11% compared to September
+131.56% year-over-year

Closed Homes: 2,332
-25.42% compared to September
-40.10% year-over-year

Days in MLS: 29
+40% compared to September
+107.14% year-over-year

Attached Homes

Average Closed Price: $479,119
-1.49% compared to September
+8.88% year-over-year

Active Listings at the End of the Month: 1,846
-2.07% compared to September
+80.1% year-over-year

Closed Homes: 983
-22.72% compared to September
-40.89% year-over-year

Days in MLS: 25
+8.7% compared to September
+66.67% year-over-year

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Metro Denver Real Estate Market Activity

During the last week:
New Listings – 1045
Back On Market – 300
Price Increase – 70
Price Decrease – 1721
Pending – 1115
Withdrawn – 241
Closed – 1294
Expired – 588

Previous Week:
New Listings – 1120
Back On Market – 285
Price Increase – 79
Price Decrease – 1943
Pending – 1108
Withdrawn – 266
Closed – 1020
Expired – 264—
Based on data from REColorado®

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