Wow: How times have changed.
indicates that this trend could be growing. But less severe sticker shock hasn't prevented overall sales from falling.
The survey focuses on greater Denver, an eleven-county zone that includes the core metro counties as well as contiguous counties such as Gilpin, Clear Creek, Park and Elbert. In August, the average price for a detached home in this area settled at $744,589, down from the adjusted figure of $778,793 in July. But the median price slid from $650,000 in July to $645,000 in August, a decline of just 0.77 percent.
Such developments are relatively commonplace around the end of summer on the Front Range. Nonetheless, a graphic from the report built with figures from January 2008 to July 2022 reveals that active listings at the end of the month hadn't exceeded the closings total in two years prior to July. But in both November and December, the average again broke the $700,000 barrier, landing at $704,716 at the end of the year before descending to $688,127 in January 2022. This drop proved short-lived, however: The February 2022 average, adjusted to $738,472, was the highest ever recorded by the DMAR, and March hit $793,836.
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