2023 DTC Stats
DTC area condos and townhome prices were flat in 2023, depreciating 0.8%, with a median sale price of $428K, and selling in 13 days (same as last year). There were 39 units listed for sale at year-end, up from 25 a year ago.
I expect DTC area prices to increase slightly (0-3%) in 2024. One potential event that would significantly change our forecast is if interest rates come down below 6.0% during the year. This could boost values 4%-5% in as little as 2-3 months. Watch rates and inventory numbers next year as these variables will have the greatest impact on home values. As in most years, watch for seller-friendly appreciation of 5%-8% during the first half of the year, followed by a decline of 3%-5% during the second half. Consumers typically don’t make huge financial decisions in times of uncertainty and we expect the suspense from the upcoming Presidential Election will
hinder real estate transaction volume, while keeping inventory low.
*Based on info for 2022-23 and based in whole or in part on content supplied by REcolorado, which does not guarantee nor is it in any way responsible for its accuracy and may not reflect all market activity.
Prior Month Sold Activity
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