Should I buy new construction or resale in Denver?

There isn't enough information here to tell you if new construction or resale is better for you. However, I can explain some overall trends in the Denver housing market that might help you decide. There are fewer homes for sale right now compared to last year. Prices are also a little lower than they were a year ago.

{ "answer": "Deciding between a new construction or a resale home in Denver depends on what you value more: a potentially quicker sale or a lower price per square foot. Resale homes are spending more time on the market, but new construction might come at a higher price.','" "paragraphs": [ "The average home in Denver is listed at $781,414, and the median listing price is $589,000. These prices have actually gone down a bit over the last year, with the median price dropping by 1.8% and the average by 2.3%. So, homes are a little more affordable than they were a year ago.", "Homes in Denver are staying on the market for an average of 43 days right now. This is a noticeable increase from last year, when homes sold faster. You also see that about a quarter of all listings, 25.5%, have had their prices reduced, which means sellers are more open to negotiating.", "If you're looking for a resale, there are 11,465 homes currently on the market, but fewer new homes are being listed compared to last year. Only 5,876 new listings came up this month, which is a 2.6% drop from last year. This lower number of new options might make new construction harder to find.", "When you compare the cost, homes are selling for around $290 per square foot. This is 3.5% less than a year ago. It suggests that while overall prices are down, a new, larger home might still cost more in total, even with the slightly lower per-square-foot cost.", "Given these trends, if you're a buyer, you might find more negotiating power and value in a resale home." ] }'))</i>