Real Estate Analysis and Commentary in Littleton

Halloween has come and gone as we now move into the latter end of the Fall season. On top of seasonal fluctuations in the housing market, rising inflation and increasing interest rates have most experts forecasting large portions of the county posting negative year-over-year home values. The data is out for the Denver Metro's October housing market, as illustrated below in the Denver Metro Association of Realtors "Data Snapshot" published in their November Market Trends Report. For detached and attached residential housing, active listings at month's end increased 115% from a year ago, and median days in MLS has increased 240% for the same time period. Sales volume has changed -25% from last month and -35% from last year. While home values are considerably higher than they were pre-pandemic, prospective sellers should have plans to list their properties accordingly with the changing market conditions and fewer active buyers coming to the table.