MARKET STATS FOR October 2023 Year over Year Comparison

New Listings were down 6.5 percent for single family homes but increased 7.9

percent for townhouse-condo properties.

Under Contracts decreased 6.1 percent for single family homes but increased 3.5 percent for townhouse-condo properties.

The Median Sales Price was up 4.7 percent to $670,000 for single family homes

and 5.0 percent to $420,000 for townhouse-condo properties.

Days on Market remained flat for single family homes but increased 24.0 percent for townhouse condo properties.

Total housing inventory going into October was at 1.13 million units, up 2.7%

from the previous month but down 8.1% compared to the same time last year,

for a 3.4 months’ supply at the current sales pace, according to NAR (National Association of Realtors). The shortage of homes for sale is making it harder for buyers to find a home to purchase while at the same time pushing sales prices higher nationwide, with

the median existing-home sales price rising 2.8% annually to $394,300, the third

consecutive month of year-over-year price increases.

CLICK ON THE THUMBNAIL GRAPHIC ABOVE LEFT FOR THE FULL OCTOBER DENVER METRO REPORT.

                  Current as of November 3, 2023. All data from REcolorado® and IRES®. 

                                             Report © 2023 ShowingTime.