The market is officially in transition. It hasbeen a seller'smarket for quite some time, but we are starting to see buyers smarten up, try new strategies, and level the playing
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While we aren't seeing 20+ offers on properties, which we've grown accustomed to, we're still seeing many homes go under contract with multiple backup offers.
The Denver/Lakewood/Aurora area remains one of the hottest markets in the country, coming in at number 10 in the top 20 most active metro areas for prospective buyers. Active inventory
TheDenver real estate market never really slowed down in the latter halfof 2021 (defying seasonal norms), then quickly picked up speed in 2022 and is on pace for another record breaking Spring selling season. Denver area home buyers are more determined and committed than ever and homes are going under contract at a feverish pace. Even with [...]
The unseasonably warm weather and lack of snow in October kept the reds and yellows of fall around a little longer for us to enjoy this year. And while the temperature didn't drop much, the amount of active listings in the Denver real estate market did. October saw 15% less active listings at month's end than September, and 30% less than [...]
Typically the Denver housing market takes a cue from the cool autumn weather and we start to see a retraction ofhome prices in the latter half of the year. If seasonal norms had applied this year, we would have expected to see a 1-2% month-over-month drop in home prices, but September's numbers actually showed a .77% increase instead. [...]
Fueled by the gift of low interest rates, Denver area buyers remain steadfast in the search for their next home. Typically we would see buyer demand decrease from July to August, but this year it has remained strong. New listings are hitting the market at an expected pace for this time of year, yet the active inventory count at the end of [...]
This year's seasonal summer slowdown isn't quite as dramatic as in years past, but we are starting to see a shift from the frenzied activity experienced over the last several months in the Denver real estate market. For buyers, it provides some needed relief from stiff competition, flash sales, and limited options. For sellers, it means that [...]
If April showers bring May flowers, then what do May showers bring? This year, they brought extreme price growth for both attached and detached homes. The average price for a single family home in the Denver Metro area has reached a new high of $700,559, a 29.25% increase from one year ago! Attached home prices in Denver are also way up (22% [...]
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