Revolutionizing · Modernizing · SimplifyingRevolutionizing · Modernizing · SimplifyingBetween three and six months of supply is the range where neither side has the upper hand. Well-priced homes sell, over-priced ones sit, and a buyer who asks for something reasonable usually gets it.
Months of supply is simply the homes for sale divided by how fast they are selling: 22,756 divided by 5,479 a month. The arithmetic is shown so you can check it.
The negotiating position is not a feeling, it is four numbers.
| What the data says | The number |
|---|---|
| Homes that sold below their asking price | 52.5% of 64,888 |
| Typical amount below asking, when it happened | $15,000 |
| Sellers who cut their price before selling | 44.4% of 64,887 |
| Typical size of that cut | $25,495 |
| Homes that sold above asking | 21.4% of 64,888 |
| Typical amount above asking, when it happened | $8,210 |
Read together: a home going for more than the seller asked is the exception in Colorado, and a seller reducing before it sells is close to a coin flip. That is a market where a considered offer gets a considered answer.
| Price | Homes sold | Sold below asking | Cut the price first | Typical time to sell |
|---|---|---|---|---|
| Under $300k | 4,602 | 60.8% | 51.6% | 81 days |
| $300k to $500k | 19,249 | 46.9% | 48.4% | 68 days |
| $500k to $750k | 23,866 | 49.4% | 44.1% | 62 days |
| $750k to $1M | 9,411 | 55.7% | 40.9% | 61 days |
| $1M to $1.5M | 5,196 | 62.9% | 36.1% | 61 days |
| $1.5M and up | 3,418 | 70.7% | 36.2% | 75 days |
By the one measure that is not an opinion: there are 22,756 homes for sale and Colorado has been closing about 5,479 sales a month, which is 4.2 months of supply - a balanced market. Between three and six months of supply is the range where neither side has the upper hand. Well-priced homes sell, over-priced ones sit, and a buyer who asks for something reasonable usually gets it.
More than the headlines suggest. 52.5% of homes sold below their asking price and the typical shortfall was $15,000. 44.4% of sellers had already cut their price before the sale, by a median $25,495. Only 21.4% of sales went above asking.
The median home currently for sale in Colorado has been listed 61 days. A home that has been sitting a while is the one where an offer below asking gets a serious answer.
4,663 homes closed in the last 30 days and 16,930 in the last 90. Those are rolling counts that run right up to today, so they move faster than the twelve-month figures on this page.
A statewide number cannot tell you about your street. Search what is on the market and we will tell you honestly which of them are worth your time.
Get your numbersEvery figure on this page is recalculated from the live MLS feed at the moment the page loads - it is not a monthly snapshot. Sales figures cover residential sales only, over the last twelve complete calendar months; rentals, land and commercial are excluded, as are fractional co-ownership shares, which are priced per share and would distort every median. Market data is deemed reliable but not guaranteed - talk to us before making a decision on it.
Months of supply uses homes currently for sale against the average monthly pace of the last twelve complete months. The 30- and 90-day sale counts are rolling and run to today, so they overlap the current month while every other figure here stops at the end of the last complete one.