Market Predictions: We are halfway through the Goldilocks year in which the Denver Real Estate Market is not too hot and not too cold. It is still a seller’s market with high prices, but buyers are starting to have an easier time going under contract, and we’ve even seen a few contingent offers accepted. Interest rates are staying low, and housing inventory going up. For the remainder of the year, we will continue to see a strong market that is slowly gaining inventory. It is just right for everyone.

Market Recap: We ended the first half of the year with the most active listings (9520), since October 2013. With more home choices, some sellers have had to make price adjustments to be competitive, which is on average the first time we have seen this in the past four years. Sellers had their homes on the market longer from 24 to 30 days, and there are fewer multiple offer situations compared to the recent past.

Market Overview

Condos & Townhomes
Active Inventory 2,675
Sold Home 1,409
Ave Sold Price $370,442
Ave Days on Market 27

Real Estate Humor

What kind of building weighs the least? A lighthouse.