Single Family Average $695,232 (Up 16% YoY)
Condo/Townhome Average $442,261 (Up 16% YoY)
The Denver real estate market is still going strong. Denver continues to be a hot place to live. Demand in September was near an all-time high (only off by 1% as compared to last year) and inventory remains very low. The market did see a slight uptick in new listings, a welcome sign for buyers.
Here are highlights:
Supply – Active Listings
Active listings decreased slightly month-over-month and are down 44% over 2020.
3,663 Active Listings (Up 44% YoY)
We saw a slight uptick in new listings over August 2021. This pace is similar to that of the prior 4 years and a slight increase over 2020.
5,944 New Listings (Up 1% YoY)
Demand – Pending Sales
Pending sales were near an all-time high in September, only 1% off from this time last year.
5,461 Pending Sales (Down 1% YoY)
Days in MLS
The average days in the MLS was only 13, but we are seeing an increase each month since July.
13 Days in MLS (Down 41% YoY)
Percent of Closed Price to List Price
September saw a 102% percent of closed price to list price, a slight decrease from last month.
102% % Closed to List Price (Up 2% YoY)
Greater Metro Denver includes the following counties:
Arapahoe, Adams, Broomfield, Denver, Douglas, Elbert and Jefferson
Reports are based on information from REColorado®, Inc. for the period shown in title. Note: This representation is based in whole or in part on content supplied by REColorado®, Inc. REColorado®, Inc. does not guarantee nor is in any way responsible for its accuracy. Content maintained by REColorado®, Inc. may not reflect all real estate activity in the market. •Information deemed reliable but not guaranteed.
© 2021 Source: Land Title Guarantee Company. All rights reserved. / Mortgage Data Source: Freddie Mac