In August 2024, Colorado's real estate market saw notable trends. The median home price across the state was $579,071, with 4,627 homes closed. New listings totaled 6,444, reflecting an active market, though slightly slower compared to previous months. Homes stayed on the market for a median of 24 days, indicating a moderate pace of transactions.
In the Denver metro area, buyer activity increased, likely due to rising inventory levels, but the market is also showing signs of cooling off after the peak summer months. This trend is common as the year progresses. Additionally, areas like Chaffee County had a higher median price of $723,335, reflecting regional variations.