June 2023 Denver Real Estate Market stats are out and so it is worth stepping back and reflecting on the state of the market six months into the year. Price Many economists predicted a recession that we have not witnessed. Indeed prices have largely held steady. The average closed price of $713,674 in June 2023
Even though the recent streak of rainy, stormy Denver afternoons remind us of the refreshing essence of Spring, the real estate market transitions into summer. Memorial Day weekend marks the official end of the Spring real estate buying market. Before we delve into the insights of the May 2023 Denver real estate market, it’s important
The Denver real estate market continues to present challenges and opportunities for buyers and sellers alike. A typical Spring market is full of activity. Buyers hope to move in before the school year begins anew in the Fall. Sellers hope to capitalize on this increased activity and list into a wave of buyer interest. As
Spring is here! And with it, the March 2023 Denver Real Estate Market continues to show steady growth in both inventory and sales. The total inventory of available homes in the Denver area has increased significantly since March 2022. And, typical of the Spring market, there is more activity. More homes are coming onto the
Let’s discuss the Denver real estate market and highlight the top three current trends that potential buyers and sellers need to know. There is great news for buyers as the market becomes more accommodating. First, let’s talk about the current state of the Denver housing market. While home values have increased by 14.7% over the
February 2023 continues to show a steady, stabilized market. We are still in a slight Seller’s Market, despite inventory up 208% from last year (Feb 2022). We still need more homes. Supply is typically showing 1-2 homes in a neighborhood price point that someone is looking for – there just isn’t a massive inventory selection. How is that
January 2023 is a story of interest rates and inventory. From the Denver Metro Association of Realtor Market Trend Report: Active Listings dropped 1,339 from December to end at a total 4,120 by the end of January. This is 29.94% below 2019 and new listings are 40.84% below 2019 (2,858). The total inventory for detached
The end of 2022 ended with a much needed 222% increase of inventory over last year. Even though that sounds like a lot, that’s the good news. We could have used 300%+ increase to balance the market. The challenge has been the rising interest rates everyone is talking about. For every 1% increase in interest
“It’s beginning to look a lot like recession 🎵 ” – a play of a holiday classic! True story ~ can you say 178% increase with homes inventory from last year (Nov ’21) to Nov ’22 – wow! Pair that with seasonal slow down, and there are all of a sudden more opportunities for home
With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008. But in truth, there are many key differences between what’s happening today and the bubble in the early 2000s. One of the reasons this isn’t like the