FRONT RANGE | How's The Market | June 2023

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How'stheMarket FrontRange|June2023

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 June) Closed Transactions 2022 :: 6,047 2023 :: 4,784 -21% Sold Dollar Volume 2022 :: $4.46B 2023 :: $3.50B -22% Average Sales Price 2022 :: $738K 2023 :: $732K Average Price/ Sq.Ft Finished 2022 :: $328 2023 :: $319 -4% Average Days on Market 2022 :: 11 2023 :: 23 -1%
Sale/List Price 2022 :: 101.50% 2023 :: 100.00% -1% +109%

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 6/30) Closed Transactions 2022 :: 30,765 2023 :: 23,922 -22% Sold Dollar Volume 2022 :: $21.90B 2023 :: $16.65B -24% Average Sales Price 2022 :: $712K 2023 :: $696K Average Price/ Sq.Ft 2022 :: $323 2023 :: $309 -4% Average Days on Market 2022 :: 12 2023 :: 32 +167% -2%
Sale/List Price 2022 :: 103.40% 2023 :: 100.00% -3%

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

As of July 1st of each year

5 - Year Comparison

12,000 10,000 8,000 6,000 4,000 2,000 0 2019 2020 2021 2022 2023 1 2 , 5 7 4 1 0 , 6 8 4 1 , 8 9 0 1 2 , 2 3 6 1 0 , 4 8 6 1 , 7 5 0 6 , 7 1 8 5 , 6 4 9 1 , 0 6 9 1 0 , 0 0 5 8 , 6 5 9 1 , 3 4 6 8 , 9 9 6 7, 3 2 2 1 , 6 7 4 Total Residential Land -15% 2022>2023 Residential

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 Jun 22 Jul 22 Aug 22 Sep 22 Oct 22 Nov 22 Dec 22 Jan 23 Feb 23 Mar 23 Apr 23 May 23 Jun 22 New Listing Pending

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