February 2023 Real Estate Snapshot

Digging Deeper: All-Time Records | January 2023

ACTIVE LISTINGS

• (Residential) High – July 2006 of 31,98 | Low – January 2022 of 1,184

• (Detached) High – July 2006 of 23,442 | Low – February 2022 of 853

• (Attached) High – June 2006 of 8,670 | Low – February 2022 of 373

CLOSE PRICE — MEDIAN

• (Residential) High – April 2022 of $616,500

• (Detached) High – April 2022 of $680,000

• (Attached) High – April 2022 of $440,000

CLOSE PRICE — AVERAGE 

• (Residential) High – April 2022 of $721,767

• (Detached) High – April 2022 of $821,258

• (Attached) High – June 2022 of $500,170

DAYS IN MLS — MEDIAN

• (Residential) High – January 2011 of 78 days | Low – Mar. thru Jul. 2021 & Feb. thru May 2022 of 4 days

• (Detached) High – January & February 2011 of 77 days | Low – Feb. thru Jul. 2021 & Feb. thru May 2022 of 4 days

• (Attached) High – January 2011 of 81 days | Low – April 2015 & Apr. thru Jul. 2021 & Feb. thru May 2022 of 4 days

DAYS IN MLS — AVERAGE

• (Residential) High – February 2011 of 108 days | Low – April 2022 of 8 days

• (Detached) High – January 2011 of 107 days | Low – May & June 2021 of 8 days

• (Attached) High – April 2011 of 115 days | Low – April 2022 of 8 days

NEW LISTINGS

• (Residential) High – April 2010 of 12,783 | Low – December 2022 of 1,730

• (Detached) High – April 2010 of 10,140 | Low – December 2022 of 1,178

• (Attached) High – March 2010 of 2,674 | Low – December 2007 of 506

CLOSED

• (Residential) High – July 2020 of 7,398 | Low – February 1988 of 1,085

• (Detached) High – July 2020 of 5,309 | Low – January 2023 of 1,428

• (Attached) High – July 2020 of 2,089 | Low – January 2011 of 402

MONTHS OF INVENTORY (MOI)

• (Residential) High – February 1988 of 17.69 | December 2021 of 0.33

• (Detached) High – January 2011 of 9.21 | Low – December 2021 of 0.31

• (Attached) High – January 2011 of 10.39 | Low – December 2021 of 0.38

PENDING

• (Residential) High – June 2020 of 7,294 | Low – January 1991 of 1,364

• (Detached) High – June 2013 of 5,577 | Low – January 2009 of 1,542

• (Attached) High – June 2020 of 2,093 | Low – January 2009 of 364

DMAR Market Trends Committee

New Listing! 841 Audubon Peak Drive Colliers Hill

The Modglin Collection presents this beautiful Richmond Seasons Collection ranch home in Colliers Hill. Beautifully upgraded with laminate looring throughout the main level, a modern fireplace, quartz countertops, solar panels, and stainless steel appliances. Enjoy all the Colorado seasons on the upgraded patio with a cozy firepit, stamped concrete, and a well-manicured yard. Easy access to shopping, highways, and top-notch schools. Make this your next home today!

New Listing! 841 Audubon Peak Drive | Colliers Hill | $550,000 | MLS #9299193

January 2023 Real Estate Snapshot

November 2022 Real Estate Snapshot

September 2022 Real Estate Snap Shot

August 2022 showed a much needed end of summer reset for Denver Metro housing.

Even though homes took longer to sell, we still ended the month with only 1.98
months of inventory for both detached and attached homes. Believe it or not, our
inventory was actually down 18.50 percent from the prior month for detached and
attached homes but was up 18.90 percent from one year ago. More inventory has
been a blessing for our market and what we've needed for some time. This reset is
good and healthy. While the headlines may not seem positive, we're delighted and
welcome this somewhat balanced market

The Signature Market represents 15.76 percent of the homes that came on the market in August, and our sales volume for attached and detached homes was down 11.11 percent from the prior month and down 5.09 percent from one year ago.

Learn more about what's happening in this month's Market Trends Report

DMAR Real Estate Market Trends Report | SEP 22'