Denver Market Stats: August 2023

What: Denver market stats for August are now available. Download and share the latest social media graphic to stay in front of your people!

Sharing on Social Media:

  • Click here to share the stats blog directly on Facebook and LinkedIn. The post text below also links to the blog.
  • Download and post with a message such as: While low inventory continues to be an issue, buyers are also holding off due to higher interest rates. Accordingly, home prices remain restrained and fewer listings sold in the month of August. Details at and reach out to talk strategy!

Snapshot: Low inventory and high interest rates continue to shape the market. Compared to July, new inventory of detached homes increased by just 1.8% in August and prices remained flat. Year-over-year, new inventory decreased by 6.9% and prices increased by less than one percent. As for sales, just 2,632 homes closed which is 2.7% lower than in July and a decrease of 16.5% year-over-year.

Did You Know? In August, 30% of sellers accepted an offer above asking price, marking a significant drop compared to July’s 37.7% and last August’s 43.7%. To add additional perspective, in one on the hottest months, May of 2021, 72.2% of sellers accepted an offer above asking price. 

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