Top Large Teams in Colorado – Ranked by Sides

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2023 Colorado Housing Market Summary

Colorado started 2023 with a total of 9,214 single-family homes on the market, with a median home price of $598,832 and an average price per square foot of $353. By the end of the year, inventory had increased to 9,982 homes on the market (+8%), with a median home price of $625,000 (+4%) and an average price per square foot of $388 (+9%).

At the start of 2023, the median days on market (DOM) was 77 days – by the end of the year, median DOM had increased to 84 days. Colorado started the year with 39% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 35% of Colorado homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Colorado started 2023 as a strong seller’s market, with an MAI score of 45; by the end of the year, the MAI had dropped to 38 – a slight seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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