The Denver Metro December 2022 Market Stats are in

The Greater Metro Denver real estate market saw ups and downs throughout 2022, especially in the areas of inventory, days on market, pending sales, prices and interest rates.

Average Single Family Home Price: The average sales price in December for single family homes decreased 3.28% month-over-month to $702,302 and attached single family homes were also down 0.30% month-over-month to $466,092.

Average Days on Market: 41 days: this is a jump of 26.15% when compared to November 2022.

Active Listings: Active single family listings in December in the metro area were down 35.15% when compared to November to 3,288 homes.

QUICK TAKE:

Denver Metro Real Estate Market: December saw a slight price dip, with added days on market. We are predicting a bump up by Feb/March as buyers start coming back into the market and rental leases expire. The average sales price in December for detached single family homes decreased 3.28% month-over-month to $702,302 and attached single family homes were also down 0.30% month-over-month to $466,092.

The market is still pointing to a great time to buy! However, the lower inventory is a bonus for sellers when pricing your property.