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January Market Update

January Market Update

 
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

468

2022

839

New Listings

2021

449

2022

305

Days on Market

2021

15

2022

43

Average Price

2021

$767,345

2022

$875,498

 

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