The Denver Metro housing market is changing. The question on everyone's mind is how long this change will last and what to expect next year.
Most of the answers are tied directly to when we will see relief from increasing mortgage rates that have more than doubled since January.
Detached active listings at month end dropped to 4,572, a 16.02 percent decrease from last month, while attached homes dropped 8.94 percent to 1,681. This is a 216.62 increase year-over-year for detached homes
and a 109 08 increase year-over-year for attached homes. While our inventory has increased from last year, we are still witnessing the typical end-of-the-year inventory decrease,
which is a direct result of homeowners choosing to either wait to list their homes until the New Year or remove their properties ahead of the holiday season opting to decorate and celebrate their last holiday season in their current homes
QUICK DENVER METRO STATS
Active listings at months end: 6,253 Closed Homes: 2,877 Average Close Price: $657,610 Days in MLS on average: 34
THE DOUGLAS COUNTY MARKET
A yearly comparison for Douglas County:
Single Family Homes Active Listings 2021 2022 468 839 New Listings 2021 2022 449 305 Days on Market 2021 2022 15 43 Average Price 2021 2022 $767,345 $875,498
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