looking back to look ahead
With the second half of 2024 well underway, a palpable shift can be felt across the Colorado real estate market. Although the spring market frenzy has subsided, we continue to experience a steady pace of sales in our summer market. Increased inventory has afforded buyers a wider variety of dream homes. The time that properties spent on the market decreased across all price points from the previous quarter, holding true to the seasonal trend of increased activity throughout the summer months. Throughout the competitive past quarter, milehimodern brokers led their clients to success through a human-centered approach informed by transactional savviness, creative negotiation and deep market insight.
As the real estate market continues to evolve, we are excited to present the latest edition of the mhm Quarterly Market Report. This resource aims to provide our clients with valuable insights into trends and seasonality, empowering them to make informed decisions and achieve their 2024 real estate goals.
According to U.S. News & World Report, mortgage rates are expected to decline slightly in the second half of 2024, which may affect the already competitive late summer and early autumn markets. Prior to fall, buyers and sellers alike should reassess their strategies with a skilled real estate professional to better stand out in the marketplace. milehimodern brokers are committed to client success, navigating the market with purpose and poise. We are grateful to serve our communities and look forward to another active season.
Thank you for allowing us to serve you!
Carmelo Paglialunga + Carla Thompson milehimodern owners
TIMELESS
ARTISTIC ARCHITECTURE
Colorado Median Price
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.
ULTRA-LUXURY
Active Under Contract Sold
Average Sold Price Days on Market $2M+ 1,091 144 148 $2,893,363 51
Contract Sold
Average Sold Price Days on Market
$1M-$2M 2,321 670 667 $1,328,534 33
Average Sold Price Days on Market $500K-$1M 7,634 3,341 3,284 $673,439 30
Active Under Contract Sold
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.
