April 2023 Market Update
Denver County- March is and has been an incredible benchmark for the health of Denver’s real estate market. Traditionally (you know, before 2020…), March ushered in a spring homebuying season where, with the snow melting, the market began to thaw, and we saw which plants survived the winter. The price declines that, again, we traditionally see from October through February begin to reverse and happy home buyers emerge as happy home sellers ready their home for peak transaction season. That is/was tradition.
Source: CAR
April Market Update for Denver Metro
4,793
New Listings
4,047
Under Contract
3,745
Closed Sales
Stats compared to March 2022
Under Contract: -13.1%
New Listing: -16.4%
Listings Closed: -16.4%
Median Price: -6.0%
Median Days on Market: +7%
$565,000
Average Sales Price
4
Weeks of Supply
11
Median Days on Market
Curious about how your home's value has changed?
We will gladly prepare a Comparative Market Analysis for you so that you are armed with the most current information.