As a Seasoned 20 Year Professional I have seen Real Estate Markets shift. We have had a run up on prices since 2011! As with all Markets (Stocks- Bonds and Real Estate too) things change. We are transitioning into a buyers’ market based on all the supply that has come on the market. A couple of other Indicators include the decrease in buyer showing activity per listing and the increased days on the market for homes to go under contract. I saw a “Short Sale” (pre foreclosure) listing the other day. I personally have not seen a Short Sale in the marketplace for over 10 years. What’s Going on with Denver Real Estate Market? See Stats Below from DMAR. Affordability is an issue,to live on the front range in Colorado can be expensive. Interest Rates remain high compared to 2020-2022. Economic uncertainty is not helping our Real Estate Market and Markets do not like uncertainty! More sellers and less buyers in the market, this will put pressure on pricing.
In May, new listings increased 3.26 percent for detached homes and 2.80 percent for attached homes compared to April. Year-to-date, 29,881 new properties have hit the market, up 17.55 percent from 2024 and 9.21 percent from 2021, highlighting a significant rise in seller activity. By month’s end, there were 13,599 active listings in the Denver Metro area, representing a 13.67 percent increase from April and a 48.48 percent jump year-over-year. This marks the highest level of inventory the region has seen since 2011.
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Thank you for reading!
Andrew Nagel 303-898-4572
