December 2023 Colorado Market Update 🏘️🎄

What's up everybody, this is Michael Rush, your Colorado real estate guide, bringing you another market update for the greater Denver area. The price of single-family homes increased 0.2% to $729,000, and the price of townhomes and condos decreased 0.4% to 465,000. Now pending sales were down 0.2% year over year, and they're down 13% month over month, which continues the seasonality that we expected. New listings are down 5.1% year over year, which is continuing the trend of homeowners staying put because of high interest rates. That could be changing in the months to come. Active listings are down 24.5% year over year to 6,100. Percent of close price to list price increased 0.2% year over year to 98.6%. Days on market increased to 36 days, which is up 9.1% year over year. Average days on market increased 9.1% year over year to 36 days. As always, if there's anything I can do for you or anybody that you know, I'd love to help. Talk to you soon.