Inventory drops to historic lows at the average price of single-family detached and attached homes reaches record high.

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In January, the Greater Denver Metro housing market again broke an all-time record, a new inventory low low with only 2,316 total properties on the market, translating into an inventory shortage and opportunity for appreciation to accelerate. 

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Single-family detached properties hit a record average price of $629,159, while attached properties hit a record of $397,792. Single-family home sellers saw a 101.03 percent close-to-list price in January and a drop to five days in the MLS, down from six last month and 24 days days last year.

 

Overall, the drive in demand has been proportionally higher for single-family detached properties than attached properties, explaining why the market is currently sitting with historic low inventory for single-family detached properties.