Metro Denver Market Update January 2025
Understanding January’s Market Data Note: For a home that closed in January, the buyers and sellers signed the purchase offer probably in December or late November, which also means those homes were originally listed for sale as early as September. Thus, January’s data might not accurately reflect current market conditions in real time. Welcome, 2025 Active […]
Metro Denver Market Update December 2024
Happy new year, everyone! Drowsy in DenverAs usual, December in Denver’s real estate market decided to take a nap. Inventory slumped as sellers decided the grass is greener on the other side, meaning the other side of the calendar, spring 2025. Here’s how we closed out 2024: Hello, 2025!The Denver metro area housing market appears […]
Metro Denver Market Update October 2024
Market OverviewThree factors contributed to the Denver real estate market’s activity: Collectively, these influences highlight the sensitivity of the market to timing and external events, shaping a dynamic period for metro Denver’s real estate landscape. 2024 Versus a Few Years AgoAlthough many people label the 2024 Denver real estate market — especially when comparing it […]
Metro Denver Market Update September 2024
Market OverviewHeadline: “Metro Denver Makes a Hard Shift to a Buyer’s Market.” Another one: “Denver’s Real Estate Market Softens Greatly.” Oh, no, the sky is falling! Yep, those are definitely attention-grabbing headlines, which is their objective. However, my perspective differs, based on the data. “Hey, Brad, how’s the market?” That’s a question I’m asked weekly. My […]
Metro Denver Market Update August 2024
Market OverviewTraditionally, real estate activity slows during a holiday weekend, with a significant dip in buyer activity, showings, and pending transactions. Interestingly, the opposite happened this Labor Day weekend: The data (not pictured above) reveals an unexpectedly strong showing. We experienced only a modest decrease in showing activity and a nearly flat decline in pending […]
Metro Denver Market Update July 2024
Market OverviewAs we ease into the end of summer, the Denver metro housing market cooled slightly during July, which is typical during the summer months. While the market continues to show signs of adjustment, there are also positive indicators for both buyers and sellers. The bright spot in today’s market is the increased opportunities for […]
Metro Denver Market Update June 2024
Market OverviewContrary to the popular song “Tradition,” the metro Denver real estate market in June 2024 bucked the normal trends and retracted earlier than usual. Typically one of the busiest months during the real estate cycle, June was highlighted by a 11.8% month-over-month decrease in sold homes and a 6.9% year-over-year decrease. Certainly, buyers flexed […]
Metro Denver Market Update May 2024
Market OverviewMay flowers — and May listings. The month had an influx of homes for sale, which bolstered inventory to its highest level since 2014. Simultaneously, buyer demand slowed, which was sooner than usual but could pick up again. Traditionally, prices increase from January through June, and demand is strong through June and steady through July […]
Metro Denver Market Update April 2024
LocalizationAt least once a week, I’m asked, “Brad, how’s the market doing?” And this has become my go-to answer: “Which zip code or neighborhood are you asking about?” Real estate has become highly localized. Some areas are experiencing competition with multiple offers; others are experiencing longer listing times. No joke. Here’s a random example. In […]
February ’24 Market Update
Early-Morning Workout As we saw in last month’s report, the Denver metro real estate market began to awaken from its annual 2023 holiday slumber. And then, pow — the market jumped out of bed and immediately went sprinting — not jogging, but sprinting. Home sales increased by 42.9% versus in January, and the number of […]