How is the Denver housing market doing?

The Denver housing market is seeing some price adjustments right now. The median listing price has dipped slightly in the most recent month and is lower compared to last year at this time. Right now, the median listing price for a home in Denver is $574,900. This is down 0.8% from the previous month and 4.2% lower than it was over the past year. The median price per square foot is also down, sitting at $280, a 3.4% drop year-over-year. There are more homes available for sale compared to last year. Active listings are up 2.1% with 12,998 homes on the market, and new listings have also increased by 6.4%, meaning more options for buyers. Homes are selling a bit faster than last year, with the median time on market at 57 days, a slight decrease of 1.7%. However, a good number of homes, 31.4%, have had their prices reduced, suggesting sellers are adjusting expectations. If you are looking to buy, these trends suggest there might be more inventory and a bit more room for negotiation compared to last year.

The housing market in Denver is showing some cooling trends right now. Prices have softened slightly, and there are more homes available for sale. The median listing price in Denver is $574,900. This is a bit lower than last month, down 0.8%, and also less than it was this time last year, down 4.2%. This means homes are listed for slightly less money than before. There are currently 12,998 active listings, which is 2.1% more than the same time last year. At the same time, new listings are up 6.4% year-over-year, with 4,444 homes added to the market. This increase in available homes gives buyers more choices. Homes are staying on the market for an average of 57 days. This is a little quicker than last year, down 1.7%, meaning that while there are more homes, they are still selling relatively fast once listed. Also, about 31.4% of homes have had a price reduction, which is similar to last year. If you are looking to buy, the increase in available homes and the slight dip in prices could offer more opportunities. For sellers, pricing competitively and being prepared for a quick sale is key.