Updated 9 months ago on . Most recent reply
Another record setting February.....
π‘ Another record setting February π
β Days in market - 29
β Active listings - 8,197
β Pending listings - 3,387
β Median home price - $590,000
Days on market, and pendings are in line with how the last 2 Februarys ended - staying on course with seasonal trends.
Active listings are still high compared to the prior 2 Februarys, which is a combination of a 12% year over year increase for new listings from 2023 to 2024 along with a big increase of new listings in Jan β25.
However, the number of pendings are not outpacing the new listings so inventory is starting to pile up. β¬οΈ
Regardless of all of that, Median Home Price is STILL going up. π³ February β25 was again the highest February in Denver on record with a year over year increase from $575k or a 2% increaseβ¦.