October Real Estate

October Real Estate

  • Billy Van Heusen Team
  • 11/9/22

With so much noise in the media, we thought you'd want to see the actual numbers for the Denver Metro area in the month of October. Land Title was kind enough to share this information with us so we thought we'd share this information with you. If you have any questions or want to chat about any of this, please call us: you know we love talking to you about this far more than we love nerding out on these numbers with one another!

Single Family Average



 Up 9.5% YoY

Condo/Townhome Average



 Up 9.0% YoY

October Highlights

Both seasonality and increasing interest rates played a role in the Greater Metro Denver housing market in October. Buyers continued to have an upper hand - when compared to the prior two years - with more days on market and a decreased percent closed price to list price, as well as more inventory. In fact, months supply of listings was up 88.9% when compared to last year at this time.


The first graph below showcases the history of pending sales for October since 2009. What is most notable is that typically we continue to see active inventory grow year-over-year due to the increase of new listings. But, what is different for October 2022 is that new listings were down considerably, but active listings are still high due to the decrease in demand.

Pending 2009 to 2022

Percent of Closed Price to List Price 

This data point saw a continued drop and was down 0.1% when compared to last month. This data point is the lowest we have seen in 4 years.


Closed to List Price



2.9% YoY

metro splp 2022.10-1

Supply - Active Listings

Active inventory was up 60.2% year-over-year and down 10.1% compared to last month. 


Active Listings


60.2% YoY

metro active 2022.10


New Listings

New listings were down 28.1% when compared to last year and down 26.6% when compared to last month. This data point is the lowest we have seen in 4 years and is likely due to a "wait and see" approach by sellers.


New Listings


28.1% YoY

metro new 2022.10


Demand - Pending Sales

Demand is down 41.3% year-over-year and down 9.1% when compared to last month. 


Pending Sales


41.3% YoY

metro pending 2022.10


Average Price per SqFt Single-Family 

The average price per square foot for single family homes is equal to last month, and is up 4.5% when compared to last year at this time. 



Single Family


4.5% YoY

metro ppsf 2022.10

Average Days in MLS

Days on market saw a dramatic increase to 28 days on average and is roughly equal to what we saw in 2018. This was an increase of 7.7% when compared to last month, which was at 26 days on average.


Days in MLS


100.0% YoY

metro dom 2022.10

Greater Metro Denver includes the following counties:

  • Arapahoe, Adams, Broomfield, Denver, Douglas, Elbert and Jefferson
  • Reports are based on information from REColorado®, Inc. for the period shown in title. Note: This representation is based in whole or in part on content supplied by REColorado®, Inc. REColorado®, Inc. does not guarantee nor is in any way responsible for its accuracy. Content maintained by REColorado®, Inc. may not reflect all real estate activity in the market.
  • Information deemed reliable but not guaranteed.
  • © 2022 Land Title Guarantee Company. All rights reserved.



Thank you, Laura Fick and Lisa Sparr at Land Title, for sharing this information with us and allowing us to share this with all of you.

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