View in browser

January '23

MARKET UPDATE

Sourced from DMAR

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

FOLLOW US ON SOCIAL MEDIA

Follow us on Facebook, Instagram and Twitter @c21altitude for market updates, events, listings and more!

FREE HOME MARKET ANALYSIS

Contact us today to get in touch with an agent for a payment-free and pressure-free home market analysis!

Email us at info@c21altitude.com.

CONTACT US TODAY

Contact us via call or text at 720-221-1700 with any questions!

CENTURY 21 Altitude Real Estate

5650 Allen Way, #117, 80108, castle rock

This email was sent to {{contact.EMAIL}}

You've received it because you've subscribed to our newsletter.

Unsubscribe

Contact Us • Legal Notice • Privacy Policy

January Market Update - Thaine Swanson - CENTURY 21 Altitude Real E...