Ready to Make Your Move?The median price of a home that sold in June was $600,000. In August, the median had dropped 3% to $582,000. Still, prices are up significantly compared to one year ago; the median is up 1.22% and the average closed price is up 4.88% compared to August 2022. It’s taking longer for homes to sell, up from an average of 23 days in June to 26 days in August. That’s a very big jump compared to last year – 36.84% longer than a year ago.
Our local market in August:
Residential – Detached and Attached Homes
Average Closed Price: $690,748
-0.25% month-over-month
+4.88% year-over-year
Median Closed Price: $582,000
-1.36% month-over-month
+1.22% year-over-year
Active Listings at the End of the Month: 6,858
+8.87% month-over-month
-1.17% year-over-year
Closed Homes: 3,792
-2.02% month-over-month
-16.11% year-over-year
Average Days in MLS: 26
+13.04% month-over-month
+36.84% year-over-year
Detached Homes Average Closed Price: $782,463 Median Closed Price: $650,000 Active Listings at the End of the Month: 4,970 Closed Homes: 2,632 Average Days in MLS: 26 | Attached Homes Average Closed Price: $482,651 Median Closed Price: $419,950 Active Listings at the End of the Month: 1,670 Closed Homes: 1,160 Average Days in MLS: 25 |
Let's Make It Happen!
For informed guidance before you buy or sell a home, contact David and Tom at The Principal Team. Call us now at 720-782-2468 or schedule a time for us to call you.
Click HereMetro Denver Real Estate Market Activity
During the last week:
New Listings – 1317
Back On Market – 273
Price Increase – 81
Price Decrease – 1347
Pending – 1100
Withdrawn – 191
Closed – 1101
Expired – 448
Previous week:
New Listings – 1166
Back On Market – 298
Price Increase – 353
Price Decrease – 1404
Pending – 1276
Withdrawn – 218
Closed – 1202
Expired – 198
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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
Real Estate News
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“David is very knowledgeable and walked my wife and I through the house buying process step by step. He was always available to answer any questions we had, which were usually at night or on the weekends. We saw a good spread of houses to get an idea of what was in the area, some times more then once. I thanks David for being part of my first home purchase.”
– Brad U., Longmont
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