Real Estate Agent · Denver, CO · Member since 2022 · 356 posts · 228 votes
Final/Finished Numbers
Active/Coming Soon Listings - 6,027
Median Home Price - $554,000
List to Close Ratio - 99%
Average Days on Market - 34
These numbers are the story we've been seeing the last few months. Median home prices have continued to go down, now looking at a 10% decrease since the peak in April. List to close ratio is now under 100% so homes are selling under asking. Days on market continue to rise, now looking at an almost 400% increase since April. Listings are starting to drop, and whole bunch of expired listings, way more than previous months. That time of year and rates are playing a big part. However, mortgage rates down .34% today to a national average of 6.29% for a 30 yr fixed...