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Front Range Real Estate Market Update, January 4, 2024

Happy New Year!

During the last month of 2023, closings were down almost 10% year-over-year and it took 45 days on average before sellers accepted an offer. 

Our local market in December:

Residential – Detached and Attached Homes

Average Closed Price: $657,229
-.51% month-over-month
+3.32% year-over-year

Median Closed Price: $551,993
-2.8% month-over-month
-0.54% year-over-year

Active Listings at the End of the Month: 4,971
-25.63% month-over-month
+4.5% year-over-year

Closed Homes: 2,620
-7.65% month-over-month
-9.31% year-over-year

Average Days in MLS: 46
+21.05% month-over-month
+6.98% year-over-year

Detached Homes

Average Closed Price: $733,116
-1.08% month-over-month
+3.72% year-over-year

Median Closed Price: $613,500
-2.08% month-over-month
+2.25% year-over-year

Active Listings at the End of the Month: 3,505
-26.10% month-over-month
+2.88% year-over-year

Closed Homes: 1,850
-7.31% month-over-month
-8.78% year-over-year

Average Days in MLS: 46
+21.05% month-over-month
+4.55% year-over-year

Attached Homes

Average Closed Price: $474,904
+1.14% month-over-month
+1.12% year-over-year

Median Closed Price: $418,701
+0.41% month-over-month
+2.46% year-over-year

Active Listings at the End of the Month: 1,466
-24.47% month-over-month
+8.59% year-over-year

Closed Homes: 770
-8.44% month-over-month
-10.57% year-over-year

Average Days in MLS: 45
+12.5% month-over-month
+18.42% year-over-year