What is the rental market like in Denver?

The Denver housing market shows prices cooling slightly and fewer homes for sale. The typical home is listed for $589,000, which hasn't changed recently but is a bit lower than last year. There are 12,572 homes actively for sale, a small drop compared to last year. More homes are also staying on the market longer, with the median time at 48 days. This is up by 6.7% from last year, meaning homes are not selling as quickly as before. Also, fewer sellers are dropping prices, with 29.0% reducing their asking price, a decrease of 4.6% from last year. This suggests that while prices are softening, sellers are not panicking. For those looking to buy or sell, conditions are easing up. Prices are down 3.4% from last year. This could be a good time to find a home at a slightly lower price point.

The Denver housing market shows prices are down a bit from last year, and homes are staying on the market longer. There are fewer homes for sale now than there were a year ago.The typical home in Denver is listed for $589,000. This price hasn't changed in the past month, but it is 3.4% lower than it was a year ago.The average price per square foot is $286, which is also 3.5% lower than last year. This suggests that per square foot, homes are a bit less expensive than they were a year ago.Homes are taking longer to sell, spending about 48 days on the market. That's 6.7% longer than they did a year ago. Also, fewer sellers are lowering their prices compared to last year, with 29.0% reducing their asking price, which is down 4.6% from a year ago.There are 12,572 homes actively for sale right now, which is 4.9% fewer than last year. New listings are also slightly down by 1.4% year-over-year, with 5,392 new homes hitting the market recently.If you are looking to buy, homes are staying on the market longer and prices are a bit lower than last year, which could give you more time and negotiating power.