mi le h i m oder n mar ket report DENVER + BOULDER
Q.2
2022
this s e a s o n’s savvy success As we move into the third quarter of 2022, the real estate market has begun to show signs of balance for the first time in two years. In Denver Metro and Boulder, the number of homes on the market has continued to increase, allowing buyers a sense of reprieve given Q1’s record-low inventory. Still, the average closed price for homes has seen a slight uptick since last quarter and the number of days on market has decreased, showing that sellers still have a competitive advantage given Colorado’s sought-after location and unmatched outdoor lifestyle. In Colorado’s competitive real estate market, every key metric counts. From the number of days properties spend on the market to the inventory that is available, real estate brokers must be attuned to even the slightest fluctuations in order to assist buyers and sellers in making informed decisions about their real estate transactions. As Colorado’s real estate market continuously evolves, our brokerage is honored to provide unparalleled service to our clients through creative negotiation tactics and continued adaptation to the shifting tides. Thank you for allowing us to serve you!
Carmelo Paglialunga + Carla Thompson milehimodern owners
INTENTIONAL LIENS DREAMY FINISHES
S U LT R Y D E S I G N S TAT S
APRIL
M AY
JUNE
Colorado Median Price
$600,000
$599,000
$589,000
The above Colorado data is based on counties statewide. The following Denver data is based on eleven counties in the Denver Metro Area: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson and Park. The following Boulder data is based on Boulder County.
APRIL
S TAT S
YOY
Active
2,445
49.1%
Sold
3,452
12.1%
$825,073
18.5%
9
10.0%
Average Sold Price Days on Market
M AY
S TAT S
YOY
Active
2,828
111.7%
Sold
3,852
2.4%
$805,508
15.2%
9
12.5%
Average Sold Price Days on Market
JUNE
S TAT S
Active
4,684
119.2%
Sold
3,574
24.1%
$810,415
11.5%
10
25.0%
Average Sold Price Days on Market
YOY
denver
APRIL
S TAT S
YOY
Active
455
3.4%
Sold
307
15.7%
Average Sold Price Days on Market
M AY
$1,207,090
3.5%
26
36.6%
S TAT S
YOY
Active
512
11.1%
Sold
331
6.5%
$1,143,416
11.4%
21
25.0%
Average Sold Price Days on Market
JUNE
S TAT S
Active
546
9.3%
Sold
331
28.5%
$1,152,369
15.1%
25
21.9%
Average Sold Price Days on Market
YOY
boulder
U LT R A - L U X U R Y
$2M+
Active
561
37.89%
Under Contract
166
14.43%
Sold
180
41.56%
$3,024,203
2.95%
37
35.71%
Average Sold Price Days on Market
LUXURY Active
$1M-$2M
59.29%
Under Contract
741
32.58%
Sold
838
48.75%
$1,335,927
0.67%
14
90.24%
Days on Market
PREMIER
$500K-$1M
Q1 TO Q2
Active
4,251
63.72%
Under Contract
4,244
25.58%
Sold
4,392
36.42%
$673,975
1.82%
10
74.19%
Average Sold Price Days on Market
q2 average +
Q1 TO Q2
1,114
Average Sold Price
DENVER
Q1 TO Q2
BOULDER
who we are milehimodern (mhm) is Colorado’s premier real estate brokerage focused on the artistry of living. We believe in connection first; every home has a soul-filled story to tell. Our purpose is to bring this story to light by discovering the artistic sizzle, the iconic value, the extraordinary architecture, or simply the narrative of a beautiful life lived in each property. Let us tell your story.
This data is collected from the following sources: Colorado Association of Realtors®, Denver Metro Association of Realtors® + REcolorado®. This material is based upon information that we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete. ©MileHiModern All Rights Reserved | 303.876.1073 milehimodern.com | MileHiModern® is a licensed trademark | An Equal Opportunity Company | Equal Housing Opportunity .