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Housing market activity in the Denver Metro area remained constrained in July. Closings of existing homes were down 14% compared to last year. Compared to June, there was a 12% decrease in closings.
The median price of a Denver Metro area home was $590,000 in July, which is less than 1% lower than last year. After 5 consecutive month-to-month of home price increases, home prices dipped 1.58% from June to July.
Bullet points with July stats:
~ The median sold price for single family homes (including attached and detached) in July is $590,000 which shows a 1.58% decrease from last month (June) and a .84% decrease from July 2022.
~ The average number of days on MLS in July 2023 was 23 days, which shows no change from last month (June) and a 76.92% increase from last year in July.
~ Active listings at month end are 6299. This shows a 3.76% increase from last month (June) and a 14.43% decrease from last year in July.
~ Average active listings in July are 15,745 (from 1985-2022). The record high July was in 2006 with 31,989 and the record low was in 2021 with 4056. July 2023 shows active listings at month end of 6299.
Please reach out with any questions. I am happy to help.
If you have any questions or would like to discuss selling or purchasing a property, contact me today at 303-949-9683 or Amy@MountainTimeRealEstate.com .
#RealEstate #MarketStats #DenverMetro #MountainTimeRealEstate
