Denver Market Update
Denver Market Update
Real Estate News – April 2023
Here’s a quick summary of the Denver real estate market:
- This is the first time in 11 years that there is some balance in the real estate market, so if you’ve thought about a move, now may be the time. I think we’ll look back at 2023 and 2024 as a “sweet spot” in the market.
- The most expensive trailer park in the country. HUH? Read below.
- Inventory has gone up, but it’s still very low for our population.
- Sellers are seeing a few days to a few weeks to sell their homes. Proper pricing is as important as ever.
- Buyers are seeing drastically less competition for homes, although the “cream puffs” are still in high demand, as usual.
- In March ’22, homes were selling for an average of 106% of list price. Now it’s right at 100% of list price.
If you’re thinking about a new construction home, be sure and reach out to us so you will have proper representation. The sales office represents the builder, not you, and it costs you NOTHING for us to represent you.
As always, the right time to make a move is when YOU are ready. Remember, trying to time the market is a fool’s game.
Here are the details:
Questions? Comments? Contact us anytime. We’re here to help.
Thank you!