Where should young professionals live in Denver?

Finding a place in the Denver area right now means navigating a market with a good number of homes available, but prices have cooled a bit. The median listing price in the metro area is $569,900. Right now, the median listing price is a little lower than it was a year ago, down by 4.9%. The average listing price is also down by 5.0% compared to last year, hitting $745,322. This suggests that while homes are still expensive, they are not as high as they were previously. There are more homes to choose from, with active listings up 6.7% over the past year, reaching 13,365. However, fewer new homes are coming onto the market, down 5.9% year-over-year. Homes are also spending slightly less time on the market, at 58 days, which is 4.2% faster than a year ago. About one-third of homes, specifically 32.1%, have had their prices reduced. This is a small increase from last year, meaning some sellers are adjusting their expectations. There are 3,390 homes currently under contract, showing that buyers are still active in the market. For young professionals looking in the Denver metro area, it’s a good time to keep an eye on listings and be prepared to move quickly, as homes aren't staying on the market as long as they once did, but there’s more inventory and some price flexibility.