Comment on Metro Denver home sales and new listings way down entering the second half of 2023

Metro Denver home sales and new listings way down entering the second half of 2023

Last year was a story of sharp contrasts in the metro Denver housing market, with an active and overheated first half replaced by a colder and quieter second half. But in 2023, the storyline is following the arc of a resilient wanderer struggling to chart a course in unfavorable conditions. Home and condo sales are down by about a quarter in June compared to where they were the same month a year ago – 4,109 this June compared to 5,472 last June, according to the latest Market Trends Report from the Denver Metro Association of Realtors. For the first half of the year, there were 21,534 homes sold compared to 28,027 in the first half of 2022 and 30,433 in the first half of 2021.

 

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