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Front Range Real Estate Market Update, August 8, 2024

/ Front Range Real Estate Market Reports, Market Updates, Selling a Home / By

Realtor.com reports that, nationwide, inventory is up 35.9% compared to one year ago. Inventory here continues to rise, putting pressure on sellers to price competitively and prepare their homes well.

Let’s take a look at what happened here last month. These are numbers for July.

Residential – Detached and Attached Homes

Average Closed Price: $708,937
-1.29% month-over-month
+2.34% year-over-year

Median Closed Price: $600,000
-0.17% month-over-month
+1.69% year-over-year

Active Listings at the End of the Month: 10,584
+3.62% month-over-month
+68.03% year-over-year

Closed Homes: 3,708
-5.19% month-over-month
-4.68% year-over-year

Average Days in MLS: 30
-7.14% month-over-month
+30.43% year-over-year

Detached Homes

Average Closed Price: $794,685
+0.03% month-over-month
+1.06% year-over-year

Median Closed Price: $660,000
+0% month-over-month
+1.54% year-over-year

Active Listings at the End of the Month: 7,370
+2.66% month-over-month
+60.32% year-over-year

Closed Homes: 2,768
-7.30% month-over-month
+1.84% year-over-year

Average Days in MLS: 28
+7.69% month-over-month
+27.27% year-over-year

Attached Homes

Average Closed Price: $456,439
-2.98% month-over-month
-5.96% year-over-year

Median Closed Price: $415,000
+1.22% month-over-month
-1.19% year-over-year

Active Listings at the End of the Month: 3,214
+5.9% month-over-month
+88.84% year-over-year

Closed Homes: 940
+1.62% month-over-month
-19.80% year-over-year

Average Days in MLS: 35
+6.06 % month-over-month
+40.00% year-over-year



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Metro Denver Real Estate Market Activity

During the last week:
New Listings – 1553
Back On Market – 315
Price Increase – 129
Price Decrease – 2246
Pending – 1411
Withdrawn – 248
Closed – 1092
Expired – 568

Two weeks ago:
New Listings – 1613
Back On Market – 303
Price Increase – 108
Price Decrease – 2292
Pending – 1358
Withdrawn – 231
Closed – 1393
Expired – 551
—
Based on data from REColorado®

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Top Cities

“Having David as our realtor has really taken away the stressful aspect of home buying. He is so friendly, patient, funny and is a true professional. David possesses deep knowledge and extensive resources in the field to produce incredible results! With such a competitive buyers’ market out there, it’s critical to be at the front of the line when new properties list. David always makes time for showings proceeded with effective negotiating that have resulted in acceptance of our offers. He is a 5-star realtor all around!”
– John N., Littleton

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