Is Denver a seller's market right now?

The Denver housing market isn't strongly favoring sellers right now. While there are fewer homes for sale than last year, home prices have dipped a bit. The median listing price in Denver is $589,000, which hasn't changed from the prior month. However, this is down 3.4% compared to the same time last year. The average listing price also saw a similar dip, down 3.3% year-over-year to $772,328. There are 12,572 homes actively for sale, a 4.9% decrease from a year ago. New listings are also slightly down by 1.4% year-over-year, with 5,392 new homes coming on the market. Homes are staying on the market longer, with a median of 48 days. This is a 6.7% increase from last year. Also, 29.0% of homes have had a price reduction, which is actually a bit less than last year. If you're looking to sell in Denver, understanding these numbers can help you set a competitive price and prepare for your home to be on the market for a little longer than it might have been a year ago.

There are signs of both a fast-moving market and a slower one in Denver right now, making it a bit mixed. While homes are selling quickly, many sellers are also dropping their prices. The median listing price is holding steady at $589,000, showing no change from the prior month. However, it's down by 3.4% compared to this time last year. The average listing price is also down 3.3% over the past year, sitting at $772,328. Homes are spending about 48 days on the market before selling, which is a bit longer than last year—up 6.7%. There are fewer homes for sale now than there were a year ago, with active listings down 4.9% to 12,572. New listings are also slightly down by 1.4%. Nearly a third of homes, 29%, have had their prices reduced, which is a common sign that sellers are adjusting expectations. This share is smaller than last year, however, down 4.6%. For someone looking to sell, homes are still moving, but pricing your home correctly from the start is very important.")) اکبر ingenuous-cassata-3343/housing_analyst@v1beta.The median listing price is holding steady at $589,000, showing no change from the prior month. However, it