Market Predictions: While prices are higher on a year-over-year basis, they are starting to flatten in the Denver metro area month-over-month. Many listings are seeing price decreases as both buyers and sellers adapt to new market dynamics. The number of available homes has increased from the historical lows in January ‘22, giving buyers more choices and leverage in purchase negotiations.
Market Recap: Even in the midst of such dramatic changes economically, including inflationary pressures and stock market declines, demand is still sufficient to sell many properties in 10 days or less. Also, many renters have experienced significant rent increases and are recognizing the financial benefits of purchasing a home. Look for the number of available homes to peak in July or August and taper off as we head into fall. The best selection for buyers in 2022 is available right now!
Market Overview
Single Family
Active Inventory 4,684
Sold Homes 3,574
Ave Sold Price $810,415
Ave Days on Market 10
Condos & Townhomes
Active Inventory 1,373
Sold Homes 1,516
Ave Sold Price $504,193
Ave Days on Market 9
Real Estate Humor
What do you call a detective who is also a real estate agent? Sherlock Homes
