December Market Update

December Market Update

Residential street with detached homes, mature trees, and a white mailbox at sunset.
 
Denver Metro homes are seeing price reductions in desirable areas which have not seen price reductions in years. Sellers are needing to take extra steps to property stage and prepare their homes in this shifting market.  While rates are higher, approaching 7%, Buyers are in luck when it comes to finding their perfect home in the location they want with softened prices and less competition.
 
Kitchen dining area with a round table, light wood cabinetry, and large windows overlooking a leafy deck.
 

Quick Denver Metro Stats

Aerial city skyline and neighborhoods with mountains in the distance beneath a dramatic cloudy sky.
 
Active listings at months end: 7,290

Closed Homes: 3,315

Average Close Price: $661,335

Days in MLS on average: 28
 

The Douglas County Market

Small-town street with a stone café storefront and a red-rock mesa beyond the intersection.
 
A yearly comparison for Douglas County:
 

Single Family Homes

Active Listings

2021

573

2022

978

New Listings

2021

578

2022

442

Days on Market

2021

13

2022

36

Average Price

2021

$771,892

2022

$829,811

 

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