Note for Readers: This report was originally published in late 2022. It is maintained here for historical reference as part of our Denver housing market trends archive. For current May 2026 data, please visit our latest market update.
Was it a Buyer’s Market in Denver in late 2022?
As of December 2022, the data suggested a major shift in power. For the first time in years, the question “Is it a buyer’s market in Denver right now?” was met with a cautious “yes.” Buyers gained the upper hand due to a massive **222% increase in active listings** compared to the previous year.
The average days on market for Denver real estate began to climb, signaling that the “frenzy” of previous seasons had subsided. This period was defined by increased inventory and a move away from the hyper-competitive bidding wars of 2020-2021.
Denver Price Reductions on Homes: December 2022 Data
One of the most telling statistics from this Denver real estate market report was the prevalence of price adjustments. Approximately **59.4% of homes** on the market saw Denver price reductions during this period.
- Inventory Levels: Significant growth in active listings provided more choices for prospective buyers.
- Seller Adjustments: Price drops became a standard tool for sellers to stay competitive.
- Economic Headwinds: High inflation and fluctuating mortgage rates played a key role in slowing transaction volume.
The Legacy of 2022 in the Denver Real Estate Forecast
Understanding the 2022 shift is vital for any long-term Denver real estate forecast. This period marked the end of the post-pandemic boom and the beginning of a more sustainable market cycle. It remains a benchmark for how houses for sale in Denver, CO are priced and marketed during times of economic transition.
