Active Inventory and Sales - September 2024
“The most notable stat that I want to highlight is how months of inventory have steadily climbed since last June.”
Active Inventory and Sales - August 2024
“Generally, there does not seem to be a large sense of urgency for buyers or sellers.x”
Active Inventory and Sales - July 2024
“the widely-held belief that a rate cut is coming in September is affecting both sellers and buyers. Buyers are waiting on the sidelines until the cut, while sellers are holding off on adjusting prices, anticipating the market will "improve" once rates drop.”
Active Inventory and Sales - June 2024
“Buyers are tired of the breakneck speed of the market over the past few years and are simply taking their time.”
Active Inventory and Sales - May 2024
“Denver's real estate market is normalizing but continues to face persistent affordability challenges. This presents opportunities for serious buyers and sellers to negotiate favorable deals in the second half of the year”
Active Inventory and Sales - April 2024
“The most apparent change in the market last month was the rise in inventory. While buyers continue to grapple with financing pressures, they finally have more choice thanks to sellers who are back in the market.”
Active Inventory and Sales - March 2024
“...announcement of the National Association of Realtors settlement of the ongoing litigation... the Denver real estate market didn't skip a beat this month as we head into the spring selling season.”
Active Inventory and Sales - February 2024
“[Buyers] are also aware that they can negotiate on price and terms up-front, as well as negotiate at inspection…and negotiate is what they are doing.”
Active Inventory and Sales - January 2024
“As we kick off the new year, buyers appear to be wearing rose-colored glasses, ready to put themselves back in the real estate market as they finally have more choices”
Active Inventory and Sales - December 2023
“midst a slowdown in buyer activity, longer days on the market and more back-on-market listings, some sellers now require higher earnest money deposits.”
Active Inventory and Sales - November 2023
“The opportunity for buyers continues as we look at the close-price-to-list-price ratio—which can be a bit deceiving. This number continues to hold strong at 98.56 percent; however, we do not track concessions in this report.”
Active Inventory and Sales - October 2023
“Ultimately, sellers need to get the pandemic years out of their minds. That time frame was a perfect storm of low interest rates, unprecedented demand”
Active Inventory and Sales - September 2023
“that prices are still strong in the Denver Metro Area. Buyers aren't generally haggling on price; however, they are asking for concessions...”
Active Inventory and Sales - August 2023
“ inventory is slowly growing, inching us closer to a balanced market that gives buyers and sellers equal footing”
Active Inventory and Sales - July 2023
“Would-be buyers and sellers are weighing the "golden handcuff" dilemma. They love their historically low interest rates on their home, but no longer love their home”
Active Inventory and Sales - June 2023
“Why are fewer homeowners choosing to sell? The primary factor driving this trend is the disparity between sellers' existing mortgage rates and the prevailing market rates”
Active Inventory and Sales - May 2023
“Due to the lack of inventory, buyers are experiencing a bit of fatigue as they wait for either the perfect home or to uncover a good deal”
Active Inventory and Sales - April 2023
“New listings sell quickly and spend a median of seven days on the market compared to 10 days in March.”
Active Inventory and Sales - March 2023
“The median sales price was down 6.15 percent from $602,000 last March to $565,000, and median days in MLS increased from four days last year to 10 days”
Active Inventory and Sales - February 2023
“Buyers are watching rates closely and patiently waiting for new inventory to hit the market. They are more discerning about home prices, less willing to compete and will only jump into a bidding war if the house is move-in ready and suits their needs.”
Active Inventory and Sales - January 2023
“Buyers are back in the market with bidding wars being reported again, much to the delight of sellers.”