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NEW SO, HOW'S THE MARKET September 2023 (1)

Market Highlights

Home prices remained flat

September’s median closed prices were up just 1% compared to last September

Newly listed homes saw a 5% decrease from August to September

Home prices remained flat from last month with the median closed price of a Denver Metro home increasing less than one percent. September’s median closed prices were up just 1% compared to last September

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The number of newly listed homes saw a 5% decrease from August to September. Compared to last year, sellers brought 12% fewer homes to the market.

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The number of listings pending sale was down 8.5% compared to last month. The median number of days it took a home to move to pending increased by 5 days, indicating shoppers are taking more time to make home-buying decisions.

All data taken from ReColorado on 10.13.23.