The Denver Metro August Market Stats are in

Average Single Family Home Price: $738,075 which is down 4.87% month-over-month but up 8.35% over last year.

Average Days on Market: 17.5 days which is up 34.6% when compared to July.

Active Listings: Active single family listings in August in the metro area were down 11.51% when compared to July to 5,018 homes.

The numbers for August are in and show an even greater leveling off and return to a “normal” market. Opportunities are great for buyers, who are able to weigh their options and sellers are still seeing movement and strong offers. Now, more than ever, you need an expert to help navigate the ever-changing market to ensure you are getting the best value and success rate no matter your real estate goals.

Quick Take:

Days on market went up slightly to an average of 17.5 days. While this is a slight increase compared to last month, it is still below 2021 and prior years.

August home prices for single family homes declined a bit when compared to July (good news for prospective buyers) but are still up 8.35% when compared to this time last year. 

Sellers are still in a strong position but should plan accordingly. Buyers may finally feel a bit of relief and, despite rates, may have a strong opportunity.