Housing Market in Denver – October 2016

    Noticeable Dip in Inventory in the Denver Metro

    Note: The stats below are from ReColorado.com and include the entire MLS rather than just the Denver Metro area. Boulder County is included in these stats.

    The housing market is seeing a noticeable dip in inventory as the colder weather drifts into the Denver Metro area. A stabilization of prices are being seen month-over-month. Demand is cooling as we go into fall. Contact The House Hunters Colorado Team for more detailed information on your area.

    October Active Listings:

    • 8008 active listings on the market
    • Down 19% since last month
    • -9% change compared to this time last year

    October Inventory Levels:

    • 8 weeks of inventory

    October Average Sold Prices:

    • Average sold price for a single family home in October was $392,599
    • No change since last month
    • Up 9% from last year

    October Home Sales:

    • 4674 homes sold
    • Down 8% percent since last month
    • -10% decrease year over year
    • Average days on market was 26 days
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