FRONT RANGE | How's The Market | December 2023

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HOW'S THE MARKET

Front Range | December 2023


FRONT RANGE MARKET STATS Residential Only (MLS) | 2022 vs 2023 (Month of December)

-5%

-3%

0%

Closed Transactions

Sold Dollar Volume

2022 :: 3,185

2022 :: $2.07B

2023 :: 3,025

2022 :: 99%

2023 :: $2.01B

2023 :: 99%

5%

15%

2%

Sale/List Price

Average Sales Price

Average Price/ Sq.Ft

Average Days on Market

2022 :: $650K

2022 :: $291

2022 :: 43

2023 :: $665K

2023 :: $305

2023 :: 47

Counties: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, Park


FRONT RANGE MARKET STATS Residential Only (MLS) | 2022 vs 2023 (YTD - 1/1 through 12/31)

-18%

Closed Transactions

-18%

0%

Sold Dollar Volume

Sale/List Price

2022 :: 56,205

2022 :: $39B

2022 :: 100%

2023 :: $32B

2023 :: 100%

-2%

78%

2023 :: 46,299

0%

Average Sales Price

Average Price/ Sq.Ft

Average Days on Market

2022 :: $697K

2022 :: $315

2022 :: 18

2023 :: $697K

2023 :: $309

2023 :: 32

Counties: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, Park


FRONT RANGE TOTAL ACTIVE INVENTORY Residential & Land (MLS) | For December of each year 5-Year Comparison 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0

7,983

6,236 2019

1,747

5,844

4,606

1,238

4,006

2020

3,057

949

2021 Total

Residential

8,472

7,061

1,411

2022 Land

Counties: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, Park

7,770

6,204 2023

1,566

-12% 2022>2023 Residential Only


FRONT RANGE NEW LISTINGS VS PENDING SALES Residential & Land (MLS) 7,000 6,500 6,000 5,500 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 Dec 22

Jan 23

Feb 23

Mar 23

Apr 23

May 23

Jun 23

New Listing

Jul 23

Aug 23

Sep 23

Pending

Counties: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, Park

Oct 23

Nov 23

Dec 23


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