What is the rental market like in Denver?

The Denver housing market is seeing prices come down slightly, with homes staying on the market a bit longer than before. There are more homes for sale compared to last year, which gives buyers a bit more choice. The typical home in Denver is listed for around $579,798. This price is down a little bit from the previous month, and it's also lower than what homes were listed for at this time last year. There are 12,813 homes currently on the market, which is a small decrease from last year. However, the number of brand new listings increased by 2.5% over the past year, meaning fresh options are popping up. Homes are taking about 51 days to sell, which is similar to last year. Almost a third of homes, about 30.9%, have had their prices reduced. This suggests that sellers might be adjusting their expectations to attract buyers. The average price per square foot is $284, which is also down slightly compared to last year. If you're looking to buy in Denver, these trends suggest you might have a bit more room to negotiate on price and a better selection of homes to choose from.

The rental market in Denver is currently seeing prices go down, but there are still fewer homes available than a year ago. The typical home lists for $579,798 right now. That's 1.6% less than last month and 3.4% less than last year. There are 12,813 homes on the market, which is 2.9% fewer than the same time last year. However, new listings have gone up by 2.5% over the past year, with 4,596 new homes recently put up for rent. Homes are also spending about the same amount of time on the market, with a median of 51 days. Nearly one-third of homes, 30.9%, have had their prices reduced, which is slightly less than last year. The average price per square foot is $284, down 3% from last year. If you're looking to rent, these trends suggest a slight cooling in prices, but you might still have fewer options compared to last year.