HOW'S THE MARKET
Front Range | August 2023
FRONT RANGE MARKET STATS
Only (MLS) | 2022 vs 2023 (Month of August) Closed Transactions 2022::5,038 2023::4,382 -13% Sold Dollar Volume 2022::$3.4B 2023::$3.1B 2022::$679K 2023::$704K 2022::19 2023::26 2022::$309 2023::$312 Sale/List Price 2022::100% 2023::100% -10% 0% 3.6% Average Sales Price 1% Average Price/ Sq.Ft 37% Average Days on Market
Residential
FRONT RANGE MARKET STATS
Residential Only (MLS) | 2022 vs 2023 (YTD - 1/1 through 8/31) Closed Transactions 2022::40,766 2023::32,717 -20% Sold Dollar Volume 2022::$28.8B 2023::$22.9B 2022::$707K 2023::$699K 2022::13 2023::30 2022::$321 2023::$310 Sale/List Price 2022::101.8% 2023::100% -21% -2% -1% Average Sales Price -3% Average Price/ Sq.Ft 131% Average Days on Market
FRONT RANGE TOTAL ACTIVE INVENTORY
Residential & Land (MLS) | For September of each year
Year Comparison
12,000 10,000 8,000 6,000 4,000 2,000 0 2019 2020 2021 2022 2023 12,435 10,467 1,968 10,871 9,243 1,628 7,365 6,252 1,113 11,383 9,874 1,509 9,931 8,151 1,780 Total Residential Land
5-
-17% 2022>2023 Residential Only
FRONT RANGE NEW LISTINGS VS PENDING SALES
Residential & Land (MLS) 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500 6,000 6,500 7,000 Aug 22 Sep 22 Oct 22 Nov 22 Dec 22 Jan 23 Feb 23 Mar 23 Apr 23 May 23 Jun 23 Jul 23 Aug 23 NewListing Pending