Live Urban Agents Tell You: Where is Denver's Housing Market Headed in 2017?

What will Denver's housing market look like in 2017?

It's a question we get all the time - as Denver's local Real Estate experts, we not only do as much research and forecasting as we can, we are also in the field and on the streets, all day every day. Talking to both homeowners and homebuyers as well as investors and developers, looking at inventory, and doing our best to help Live Urban clients navigate the Denver area's complex housing environment.

Here are a few predictions from Live Urban agents looking into 2017 and beyond:

Ash Sabados predicts:Interest rates will put a ceiling on home values. 30 year fixed will be heading to 5 percent. Market will become more balanced in 2017.

Sara Wilhelm said:I have seen a lot of condos coming on the market in the $250,000 or less range - seems like a lot of investors are selling while the market is still hot. With all of the new rental properties being built I think they foresee more competition and are getting out on top. There is still a strong buyer need in this market, so there are still multiple offers for decent properties. Buyers are worried about what is going to happen when Trump comes into office. With rising interest rates I feel like buyers are either more motivated to buy soon or are afraid and are just sitting out totally. Not as many "on the fence" buyers as before. Personally, I see our market remaining strong, but I think it's going to start leveling out due to rising interest rates, the market feeling like it's hit it's peak and people's uncertainty of what the next 4 years will look like.

Jill Mant predicts:I think the market will continue to be strong. Although rates are most likely going to creep up, as the Feds have already raised the rate .25%, the 95,000 new residents we are projected to see this year will still need places to live. Denver is a growing, vibrant city and offers much of what other great cities offer at far less than our coastal cousins (;

Dawn Richardson said:I don't know how well my crystal ball works but my guess is that we will see a similar pattern to 2016 with a very robust buying season in the early spring. Because Interest rates are slowly moving up for the first time in almost a decade, I think some buyers will move to lock in low rates. If Denver continues to be an innovative city we will continue to draw talented people to our community, but steep housing prices may temper that, however if you look at cities with similar diverse economies and draws for innovation like Seattle and San Francisco it doesn't look like Denver is going to slow much any time soon.

Mic Ortega predicts:I think the market will stay bullish. Too many people will keep moving to Denver with not enough inventory. Rising rates may make the buyers on the fence more motivated so think it'll be a great time to buy and sell.

Here is a wrap-up of some other predictions and forecasts for 2017:

Denver is building, rebuilding, renovating and reinventing.