Colorado's latest real estate report shows a very different market in Colorado from just one year ago. Fewer for sale signs are popping up in what is the typically the busier spring-summer season. An in-depth look at the latest numbers:
DENVER — The just-released statewide real estate report shows a very different home sales picture in Colorado from just one year ago. Fewer for sale signs are popping up in what is the typically the busier spring-summer season.“If you're driving around your neighborhood going, gosh, there sure are a lot less houses for sale than maybe there was in previous months or previous years, you’re definitely now wrong,” said Matt LePerino, spokesperson for the Colorado Association of Realtors.
Colorado housing sales slowing down Across the state, In May of this year there were 6,565 single family homes sold in Colorado which is 24% down from the 8,651 homes sold in May 2022. The decreases also show up in the median sales price for a single-family home. Across the state, the median price in May 2023 was $575,000 which is down 3% from $595,150 in May 2022. In Denver County, the median sales price on a single-family home was $713,750 which is also down from $730,000 in May 2022.
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