. And yet the average price of a detached house in the metro area actually rose from last month, bumping above $745,000.
The DMAR survey focuses on greater Denver, an eleven-county zone that includes the core metro counties as well as contiguous counties such as Gilpin, Clear Creek, Park and Elbert. In September, the average price for a detached home in this area settled at $745,947, up 0.28 percent from the adjusted figure of $743,882 in August, and 8.02 percent more than the $690,541 average price a year ago. Likewise, the $632,000 median price is up 9.72 percent over last year, even though it fell last month.
Such developments are relatively commonplace in early autumn on the Front Range. Nonetheless, a graphic from the report built with figures from January 2008 to July 2022 reveals that, prior to July, active listings at the end of the month hadn't exceeded the closings total in two years. But in both November and December, the average again broke the $700,000 barrier, landing at $704,716 at the end of the year before descending to $688,127 in January 2022. This drop proved short-lived, however: The February 2022 average, adjusted to $738,472, was the highest ever recorded by the DMAR, and March hit $793,836.