Inventory Update for the Week of November 1st, 2023.
A look at Unsold Homes with an MLS status of Active.
For the week of November 1st, 7,446 properties are actively for sale. This represents a decrease of 1.09 percent from last week and 2.62 percent higher than the same week last year. 51.0 percent of homes listed for sale have lowered their asking price, a decrease from the previous week of 1.0 percent.
Homes currently on the market have an average listing time of 68 days. However, this number increases to 88 days for homes that have undergone a price reduction and decreases to 48 days for those without one. Unfortunately, this trend has been increasing since June of this year.
Note: Days in MLS (DIM) is defined as the cumulative days a home is in the Active status. Source of data: REColorado.com