Across the Greater Denver metro area, we saw 2023 end the year with a median price increase of 5.4% in single-family homes. With sales volume nearing record lows, our price increase is certainly due, in part, to a 20.2% drop in active listings year-over-year. Months supply of inventory is just rotten as overall supply is now at 1.3 months of inventory, far short of the 4-6 months of inventory needed for a balanced market. Expect 2024 to continue to be hampered by high interest rates, which in turn, amplifies the inventory issue by keeping more current homeowners locked into their current mortgage rates that are often half of current rates! What does all of this mean for the overall market in 2024? Join Anthony Meisner and I as we investigate the major trends along the Front Range and identify the numbers to focus on for this year!