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Community Market Report

Vanessa McClanahan
7206901524
vanessa.mcclanahan@compass.com

Denver, Colorado

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Vanessa McClanahan
7206901524
vanessa.mcclanahan@compass.com

Market Summary

All Property Types
Sold Listings

The statistics below highlight key market indicators for Denver, Colorado. The data in the Sold Listings table is based on homes sold within the month of September 2021.

  • Homes Sold
    • 952
    • 20%
    • 21%
  • Median Sale Price
    • $535,750
    • 3%
    • 13%
  • Median List Price
    • $529,000
    • 2%
    • 11%
  • Sale to List Price Ratio
    • 101%
    • 1%
    • 1%
  • Sales Volume
    • $648,477,848
    • 19%
    • 10%
  • Median Days on Market
    • 6 days
    • 1 days
    • 1 days
  • Homes Sold Year to Date
    • 9739
    • 15%
Current Market

The statistics below provide an up-to-date snapshot of the listed inventory as of October 26, 2021. Median days on market is a good indicator of the average length of time the current inventory has been on the market. The high price, low price, and median price provide context for the prices buyers and sellers can expect to encounter in this area.

781
$13,800,000
$136,558
1375
$618,500
20
Values pulled on 10/26/2021
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Vanessa McClanahan
7206901524
vanessa.mcclanahan@compass.com
Homes Sold

Sale to List Price Ratio
101%
Average Sale to List Price Ratio
September 2021
2020
2021
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Vanessa McClanahan
7206901524
vanessa.mcclanahan@compass.com

Market Conditions

Market Climate
6
Median Days on Market
0.6
Months of inventory indicates the amount of homes for sale relative to the amount of homes purchased.
46%
Properties Sold Over Original Asking Price
Sep 2021
Buyer's vs. Seller's Market

This graphic explains the key similarities and differences between a buyer's and seller's market; and how these market factors impact each group.

How it Impacts Buyers
Buyer's Market
More people selling homes than buying
How it Impacts Buyers
Buyer's Market
More people selling homes than buying
  • More homes to choose from
  • More negotiating power
  • Could spend less than asking price
  • Price restrictions
  • Rarely competing offers
How it Impacts Sellers
Seller's Market
More people buying homes than selling
  • Fewer homes to choose from
  • Less negotiating power
  • Need to be able to close quickly
  • Could spend more than asking price
  • Competition from other buyers
How it Impacts Sellers
Seller's Market
More people selling homes than buying
How it Impacts Buyers
Buyer's Market
More people selling homes than buying
  • Takes more time to sell
  • Fewer offers received
  • Could get lower than asking price
  • May have to make repairs and/or concessions
How it impacts sellers
Seller's Market
More people buying homes than selling
  • Home sells quickly
  • Multiple offers likely
  • Could get more than asking price
  • Buyers willing to overlook repairs
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Vanessa McClanahan
7206901524
vanessa.mcclanahan@compass.com
Market Conditions by Price Range

This table provides insight into key market indicators at specific price breakpoints. This information is valuable as the market conditions can vary by price category.

  • < $100,000
    • 0
    • 0
    • 0
  • $100,000 - $200,000
    • 32
    • 0.8
    • 0.3
    • 42
    • 40
    • Seller's
  • $200,000 - $300,000
    • 61
    • 0.5
    • 0.2
    • 118
    • 113
    • Seller's
  • $300,000 - $400,000
    • 92
    • 0.6
    • 0.2
    • 146
    • 150
    • Seller's
  • $400,000 - $500,000
    • 81
    • 0.4
    • 0.1
    • 206
    • 221
    • Seller's
  • $500,000 - $600,000
    • 113
    • 0.6
    • 0.2
    • 194
    • 170
    • Seller's
  • $600,000 - $700,000
    • 76
    • 0.5
    • 0.2
    • 153
    • 142
    • Seller's
  • $700,000 - $800,000
    • 66
    • 0.6
    • 0.2
    • 118
    • 103
    • Seller's
  • $800,000 - $900,000
    • 46
    • 0.8
    • 0.2
    • 61
    • 73
    • Seller's
  • $900,000 - $1,000,000
    • 37
    • 0.9
    • 0.3
    • 43
    • 43
    • Seller's
  • > $1,000,000
    • 177
    • 1.1
    • 0.3
    • 161
    • 168
    • Seller's
Buyer's Market
More than 7 months of inventory
Home prices will depreciate
Balanced Market
Between 6-7 months of inventory
Home prices will only appreciate with inflation
Seller's Market
Less than 6 months of inventory
Home prices will appreciate
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Vanessa McClanahan
7206901524
vanessa.mcclanahan@compass.com

Statistics

Days on Market by Price Range

The bar graph below indicates the median days on the market value for each price range breakpoint in Denver, Colorado. The values are based on closed transactions in September, 2021.

Data provided by REColorado and Pikes Peak Association of Realtors. All information is deemed reliable but not guaranteed.