Greater Metro Denver Real Estate
October 2023
October 2023 Market Stats
With both seasonality and interest rates at play, October saw fewer active listings, new listings and pending listings when compared to last year at this time. Demand (pending listings) did increase slightly month-over-month, in-line with what we saw at this time in 2022.
Prices remained elevated with the average close price for a single family home up 4.0% year-over-year, while the close-price-to-list-price saw 99.1%, a slight (0.3%) increase over last year at this time. While these are slight changes, it indicates that prices remain strong.
Below are market highlights from October for Greater Metro Denver.
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New Listings
New listings continued to decline, down 17.6% when viewed month-over-month.
3,575
New Listings
2.0%
YoY
Supply - Active Listings
Active listings decreased both month-over-month and year-over-year. This is a typical decline as we head into the remainder of the year.
6,982
Active Listings
22.0%
YoY
Demand - Pending Sales
While still well below prior years except 2022, this data point saw a slight increase of 1.5% when viewed month-over-month.
3,042
Pending Sales
1.1%
YoY
Percent of Closed Price to List Price
This data point declined by 0.1% when compared to September but was up 0.3% compared to 2022.
99.1%
% Closed to List
0.3%
YoY
Average Days in MLS
October saw the number of days on market at 30 days, on average. Last year at this time we saw 28 days on average. Last month saw 29 days.
30
Days in MLS
7.1%
YoY
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.