FRONT RANGE | How's The Market | March 2023

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How'stheMarket FrontRange|March2023

FRONT RANGE MARKET STATS |

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

Residential Only (ReColorado) 2022 vs 2023 (Month of March) Closed Transactions 2022 :: 5,280 2023 :: 4,296 -19% Sold Dollar Volume 2022 :: $3.79B 2023 :: $2.93B -23% Average Sales Price 2022 :: $718K 2023 :: $682K Average Price/ Sq.Ft 2022 :: $326 2023 :: $306 -6% Average Days on Market 2021 :: 12 2022 :: 37 -5%
Sale/List Price 2022 :: 105.50% 2023 :: 100.00% -5% +208%

FRONT RANGE MARKET STATS |

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

Residential Only (ReColorado) 2022 vs 2023 (YTD - 1/1 through 3/31) Closed Transactions 2022 :: 12,528 2023 :: 9,836 -21% Sold Dollar Volume 2022 :: $8.48B 2023 :: $6.57B -23% Average Sales Price 2022 :: $677K 2023 :: $668K Average Price/ Sq.Ft 2022 :: $316 2023 :: $301 -5% Average Days on Market 2022 :: 15 2023 :: 43 +187% -1%
Sale/List Price 2022 :: 103.20% 2023 :: 100.00% -3%

FRONT RANGE TOTAL ACTIVE INVENTORY | Residential & Land (ReColorado)

As of March 31st of each year

5 - Year Comparison

12,000 11,000 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 2019 2020 2021 2022 2023 8,975 7,339 1,636 11,198 9,344 1,854 4,992 3,953 1,039 4,667 3,748 919 6,732 5,402 1,330 Total Residential Land +44% 2022>2023

FRONT RANGE NEW LISTINGS VS PENDING SALES | Residential + Land (ReColorado)

1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 Sep 22 Oct 22 Nov 22 Dec 22 Jan 23 Feb 23 Mar 23 New Listing Pending

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