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Denver Market | Top Ten Talking Points | January 24-30

Mckinze Casey February 2, 2024

Denver Market | Top Ten Talking Points | January 24-30

1. After President’s weekend, it is likely a secondary surge of buyers will come out and the market becomes increasingly competitive.
2. There were 817 new listings this past week.
3. Pending transactions were slightly down week over week by -1.5% with 875 listings going under contract.
4. The rate at which listings are going under contract is out pacing the rate of new listings entering the market.
5. Current Odds of Selling is 48.8%
6. A balanced market is 6 months of inventory, we are currently at 19.9% of balance.
7. Showings were up 5.4% last week, averaging 2.9 shows per property.
8. On average it took 15 showings to go under contract.
9. 34% of units going under contract reduced their price to engage a buyer.
10. Price reduction size was the slightly smaller this week at -5.0% off the original price.

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