Denver’s slow summer real estate season limps to close despite inventory jump

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The Denver metro real estate market experienced a sluggish summer, with active listings increasing by 56% in August 2024 compared to the previous year, reaching 10,724. However, closed sales fell by 10%, totaling 3,622. The median sales price decreased slightly to $590,000, while the days on market rose significantly to 21. Higher-priced homes over $1 million saw a 13% increase in sales volume year-to-date. The market is expected to remain slow through the fall, with buyers showing little urgency.

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