Check out our market updates in other Colorado Markets:
Colorado Springs Real Estate Market Updates- September 2024
Denver Market Stats and Observations for September 2024
- Active Listings
- 11,115 vs 7,630, +46%
- Historical average number of active listings for September is 15235 (1985-2021)
- Record high listings in September was 31450 in 2006 and record low was 3971 in 2021
- Active listings remain higher than pre-COVID numbers (September 2019)… 11115 vs 9286
- New Listings this month
- 5050 vs 4600, +10%
- The best week to purchase a home is 9/29-10/5, with the following weeks also typically being favorable due to the balance of market conditions.
- Historically, listings increase at an average of .74% from August to September; this year we saw a 3.65% increase.
- Pending
- 3760 vs 3000, +25%
- Many parents are purchasing homes in CO to be closer to their children and grandchildren
- Closed
- 3090 vs 3400, -9%… this should start to turnaround a bit in October and more so in Nov.
- Sellers who used a real estate agent earned an average of $79,000 more than those who chose to go the FSBO route.
- The housing turnover rate hit its lowest point in 30 years.
- Price
- 672,600 vs 689,620, -3%
- DOM days on market
- 40 vs 30, +30%
- Discounts
- 98.9% vs 99.2%, -0.27%
- Mortgages
- On 9/18, the Fed cut rated by 50 basis points for the first time since 2008.
- 30-year mortgage rate increased to 6.25%
- Mortgage purchase applications have risen for 5 consecutive weeks!
Denver Housing Trends for September 2024
Get Started Building Your Own Rental Property Portfolio
If you’re interested in buying an investment property and want to know what’s on the market now, sign up for our weekly deals list email.
