Denver has maintained remarkable stability over the past four years, with average sales price consistently ranging between $6M and $7M in contrast to the rest of the country. Denver is an efficient market where properties sell quickly compared to similar markets in our Central region and across the US. The average top Denver property in 2024 sold in 108 days, up from an exceptionally short 57 days in 2023. Accurate seller and agent predictions reflect this market’s efficiency. On average, sellers sold for 99% and 97% of their list price in 2023 and 2024, respectively.
Highlights
Steady sale prices with between $6M and $7M in the past two years
Fastest selling years in Denver with 57 and 108 Days On Market (DOM)
Market efficiency (97%) far outpaces both the Central region (76%) and the US average (81%)
Denver properties sell like hotcakes The Mile High City's market demonstrates impressive pricing practices with minimal discrepancies between list and sales prices—just a 3% differential between sales and list prices in 2024 and 5% in 2023, ranking the market the second highest of all 56 in price-to-list achievement. This outshines the Central region and broader US market, where properties sold for 7% and 9% less than list prices in 2023 and 2024, respectively. Denver maintains this efficiency and affordability compared to peer luxury markets in the Central cluster. The combination of realistic pricing, quick sales cycles, and strong value retention positions Denver as one of the most balanced luxury markets in the country.
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