The overall message to take from January 2023 was that all our statistics were down. Sold properties closed were down 30% from January 2022. Median closed prices for single-family homes were down 2% while the average days on market increased 30 days from 5 days in January 2022. The takeaway for sellers is that inventory is still low, keeping upward pressure on prices, however, that is kept in check with mortgage interest rates hovering around 6 to 6.25%. The circumstances are leading to buyers exercising their power to negotiate. The market is still a way from being a balanced market, but it is slowly moving in that direction. Check out the video clip from the REColorado MLS and be sure to follow us on Instagram (toddregroup), LinkedIn (Dave Todd), Facebook (ToddREGroup) and Twitter (toddregroup). Denver Metro Area Market Watch: January 2023 - YouTube [](https://www.youtube.com/channel/UC-rza2uq1RCf-kvmdE2q2zA?embeds_referring_euri=https%3A%2F%2Ftoddregroup.com%2F) REcolorado Real Estate MLS 87 subscribers [Denver Metro Area Market Watch: January 2023](https://www.youtube.com/watch?v=qVzIeeI0SCk) [](https://www.youtube.com/embed/qVzIeeI0SCk?feature=oembed) REcolorado Real Estate MLS Search Watch later Share Copy link Info Shopping Tap to unmute If playback doesn't begin shortly, try restarting your device. More videos ## More videos You're signed out Videos you watch may be added to the TV's watch history and influence TV recommendations. To avoid this, cancel and sign in to YouTube on your computer. CancelConfirm Share Include playlist An error occurred while retrieving sharing information. Please try again later. [ Watch on ](https://www.youtube.com/watch?v=qVzIeeI0SCk&embeds_referring_euri=https%3A%2F%2Ftoddregroup.com%2F) 0:00 0:00 / 1:00 •Live • [](https://www.youtube.com/watch?v=qVzIeeI0SCk) January 2023 Denver Metro Market Trends ## Share: PausePlay % buffered00:00 00:29 UnmuteMute Disable captionsEnable captions Settings PIPExit fullscreenEnter fullscreen Dave Todd - YouTube [](https://www.youtube.com/channel/UCFOYI95cOvLy2PYIqzelzfw?embeds_widget_referrer=https%3A%2F%2Ftoddregroup.com%2Fblog%2F11-county-metro-wide-statistics-for-january-2023%2F&embeds_referring_euri=https%3A%2F%2Ftoddregroup.com%2F&embeds_referring_origin=https%3A%2F%2Ftoddregroup.com) Coldwell Banker Realty - Colorado 1.27K subscribers [Dave Todd](https://www.youtube.com/watch?v=7Ndn77vZ2Ow) [](https://www.youtube.com/embed/7Ndn77vZ2Ow?autoplay=0&controls=0&disablekb=1&playsinline=1&cc_load_policy=0&cc_lang_pref=auto&widget_referrer=https%3A%2F%2Ftoddregroup.com%2Fblog%2F11-county-metro-wide-statistics-for-january-2023%2F&rel=0&showinfo=0&iv_load_policy=3&modestbranding=1&customControls=true&noCookie=false&enablejsapi=1&origin=https%3A%2F%2Ftoddregroup.com&widgetid=1&forigin=https%3A%2F%2Ftoddregroup.com%2Fblog%2F11-county-metro-wide-statistics-for-january-2023%2F&aoriginsup=1&vf=1) Coldwell Banker Realty - Colorado Search Watch later Share Copy link Info Shopping Tap to unmute If playback doesn't begin shortly, try restarting your device. More videos ## More videos Share Include playlist An error occurred while retrieving sharing information. Please try again later. [](https://www.youtube.com/watch?v=7Ndn77vZ2Ow) Watch on Play ## Recent Posts [  ](https://toddregroup.com/blog/is-spring-2025-shaping-up-to-be-a-great-time-for-homebuyers-in-denver/) ### [Is Spring 2025 Shaping Up To Be A Great Time For Homebuyers in Denver?](https://toddregroup.com/blog/is-spring-2025-shaping-up-to-be-a-great-time-for-homebuyers-in-denver/) Spring 2025 is looking to be a great time for homebuyers looking to buy that first home or move up or into our Denver Metro [Read More »](https://toddregroup.com/blog/is-spring-2025-shaping-up-to-be-a-great-time-for-homebuyers-in-denver/) [  ](https://toddregroup.com/blog/navigating-the-new-real-estate-landscape/) ### [Navigating The New Real Estate Landscape](https://toddregroup.com/blog/navigating-the-new-real-estate-landscape/) An easy to use and understand guide for navigating the new landscape of seller and buyer commissions. 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