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November 2022 Denver Market Stats




"As the Denver market normalizes, I'm grateful for opportunities to look at the silver lining of every scenario. This evolv­ing marketplace allows buyers more options and the gift of time to decide on a home while negotiating terms that suit their needs. Meanwhile, sellers can analyze the marketplace to position their homes correctly while being able to expe­rience a great return on investment due to rising prices over the last few years."


- LIBBY LEVINSON-KATZ, Chair of the DMAR Market Trends Committee and Denver REALT




  • LUXURY MARKET ($1,000,000 AND UP): Throughout the month, we saw listings decrease by 28.69 percent compared to the previous month. There has always been seasonality in the market and a decrease in active listings is consistent with the past. The value of houses is about the relationship between supply and demand. While supply did drop dramatically, the amount of demand (closed properties) decreased by 31.52 percent compared to September. That decline parallels the decrease in supply, and will therefore keep pricing relatively stable. - Andrew Abrams, DMAR Market Trends Committee member, and Denver REALTOR®.
  • SIGNATURE MARKET ($750,000 - $999,999): The entire 11-county market saw virtually no change in the median days in MLS in October compared to September, yet the Signature Market saw a 19.05 percent de­crease. Sellers of attached homes experienced a 53.33 percent decrease, while the median days in the MLS for detached homes decreased by just over 19 percent at 19.05 percent. Buyers in October seemed to have a sense of urgency to choose their new homes, perhaps so they could move in before the holidays. - Susan Thayer DMAR Market Trends Committee member, and Denver REALTOR®.
  • PREMIER MARKET ($500,000 - $749,999): While new listings, closings and the average close price all decreased by around 25 percent, buyer demand was down, too. Sellers appear to be adjusting, as the average list price was down for the first time in a long while, albeit a modest $503 in the Premier Market. External factors from inflation, higher interest rates, a return to the office for many and even the upcoming election continue to impact both sides. Yet, opportunity remains for both sellers and buyers in this market. - Nick DiPasquale, DMAR Market Trends Committee member, and Denver REALTOR®.
  • CLASSIC MARKET ($300,000 - $499,999): Denver Metro's Classic Market does not exhibit current market changes as strongly as other price brackets. The price point of the Classic Market leads to fewer properties being available as time goes by, which greatly affects the number of new listings, active listings and closed listings. Despite the shrinking number of transactions here, listings that did close were not fully immune to change. - William Maline, DMAR Market Trends Committee member, and Denver REALTOR®.
*Remarks from Page 17-18 of the November 2022 Market Trends Report from DMAR

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