2022 Market Recap:  Prices peaked in April ‘22 as the extreme sellers market finally began to cool.  By December ‘22, average single family home prices were flat year-over-year.  Interest rates topped-out above 7% around October ‘22 and have dropped since that time.


Market Outlook:  The Denver metro area had considerable snow fall in January along with seasonally low home listing inventory.  However, spring appears to have arrived early in the residential real estate market with more and more buyers coming back into the market.  Some well positioned properties are again seeing multiple offers and are going under contract in days, not weeks.  Is this a sign of things to come in 2023?  Keep an eye on economic news in the coming days and weeks that will impact mortgage interest rates.  Inflation must subside in order for the Federal Reserve to slow the rate increases that have been driving mortgage rates higher.

Market Overview

Single Family
Active Inventory 3,408
Sold Homes 1,920
Ave Sold Price $707,997
Ave Days on Market 45

Condos & Townhomes
Active Inventory 1,350
Sold Homes 800
Ave Sold Price $469,505
Ave Days on Market 38

Number of Listings - Denver Single Family and Condos in July 2022
Average Sold Prices and Days on Market - Denver Single Family and Condos for July 2022
Month End Active and Sold Homes in Denver - July 2022

Real Estate Humor

Did you hear about the last remaining unit in the apartment building? It was last but not leased.

Austin Hurt of Gold Compass Real Estate

Communication is the foundation to building trust, so we make it a priority to be available to our clients through phone, text, Facebook messaging, email and in-person meetings. Our laid back approach to home buying is centered around outstanding personal service and gives you the time you need to find the perfect home.

We will help educate you about your options so that you can make well-informed decisions throughout the home buying and selling process. Our friendly and responsive team will make you glad you chose Gold Compass Real Estate to help reach your real estate goals.

Meet Our Team



Austin Hurt Profile Picture

Gold Compass Real Estate

Associate Broker

Office: 303-325-5690

Text: 720-441-3050