There May Be No In Between
The national economic backdrop has been unsettling lately. A war overseas, oil prices climbing, equity markets wobbling, and mortgage rates that refuse to cooperate.
But here in Denver, the most interesting story isn’t any of that. It’s a split forming inside our own market — a divide so sharp it shows up clearly in the data.
Homes that are priced right are selling in days. Homes that aren’t are sitting for months.
This week, we dug into the numbers to show you exactly how wide that gap has become.
Homes that sold without a price reduction averaged 15 days on market. Homes that needed a reduction averaged 95 days — more than six times longer.
We took a close look at recent closings in Jefferson County — 101 homes that sold over the past two weeks — and what we found illustrates a pattern playing out across the metro area.
The gap between the median (17 days) and the average (52 days) tells the story. In a balanced market, those two numbers stay close together. When they diverge this sharply, outcomes are polarizing.
35% of Jefferson County sellers accepted an offer in seven days or less. Another 26% took more than two months.
Most homes fell into one of these extremes.
The homes that moved fast shared a common trait: they were priced to match what buyers are actually willing to pay today — not what a seller hoped to get six months ago, not what the neighbor got in 2022.
Among Jefferson County homes that closed without a price reduction, the average time on market was 15 days. Among homes that required at least one reduction before going under contract, it was 95 days — three months of accumulated days on market, lost buyer interest, and a listing that signals something is wrong.
The lesson isn’t new, but the data makes it unusually clear right now: sellers who priced correctly from day one skipped the hassle of months of showings and chasing the market with price reductions.
Jefferson County isn’t an outlier. The metro-wide numbers tell the same story.
Data sourced from REcolorado MLS. Weekly figures reflect activity across the Denver metro area. Mortgage rate per Mortgage News Daily.
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Schedule a call to talk to us about your home saleDuring the last week:
New Listings – 1809
Back On Market – 257
Price Increase – 132
Price Decrease – 1437
Pending – 1463
Withdrawn – 104
Closed – 887
Expired – 278
Previous Week:
New Listings – 1844
Back On Market – 266
Price Increase – 198
Price Decrease – 1421
Pending – 1434
Withdrawn – 109
Closed – 1360
Expired – 477
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Based on data from REColorado®
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