What: Denver market stats for October are now available. Download and post the latest social media graphic to stay in front of your people!
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Snapshot: New detached, single-family listings coming on the market decreased by 17.4% compared to September and 3.6% compared to 2022. And while pending sales increased, closed sales are down 15.3% year-over-year and came in 12.1% below the prior month. Even with this slowdown, the median price was $649,000 for October, that’s 3.84% higher than in 2022 and shows solid equity gains.
Did You Know? Along with price negotiations, seller concessions are on the rise. In October, 57.9% of closed transactions included an average seller concession of $9,390. A year ago, 50.7% of transactions included concessions averaging $7,553.