Is Denver a seller's market right now?

The Denver area is not currently a seller's market. Prices are down, and there are more homes available for buyers to choose from compared to last year. This creates a more balanced environment for transactions. Many homes are also seeing price reductions.The median listing price in Denver is $574,900 right now. This price has dropped by 4.2% over the past year, and it went down slightly by 0.8% in the most recent month. The average listing price also decreased by 5.4% over the past year to $747,873.There are 12,998 active listings, which is up 2.1% compared to last year. New listings also increased by 6.4% over the past year, with 4,444 new homes entering the market. This means buyers have more options to consider.Homes are taking a bit longer to sell, spending a median of 57 days on the market. This is a slight decrease of 1.7% from last year, but still indicates homes aren

Really, no. The market right now isn't strongly favoring sellers. While some factors might seem positive, the overall trend points to a more balanced situation or one where buyers have a bit more breathing room.