| Along with the crisp cool beginning of Autumn, Denver’s 4th Quarter Real Estate Market has begun. Just like the leaves changing color gradually, so does the market this time of year. Wonderful memories of summer activities and vacations are behind us, the kids are back in school, and we are returning to fall routines with a little more motivation and discipline.
The 4th Quarter gives all of us an opportunity to recalibrate and look at the Denver Real Estate Market with a new perspective.
There is a strong supply of homes for sale, with over 13,000 Active Listings.
New Listings, Pendings and Closed Sales have been fairly consistent in 2023, 2024 and 2025.
The Average Price for a single family home has held steady this year at $768,507 in the month of September. However days on the market have increased to 53 which is up over 32% from last year.
Sellers: Pricing Strategy is the most crucial part of the process in this market, and many have shifted to require a more thorough investigation into what is currently on the market and competition, rather than what has sold in the last six months.
Buyers: The affordability stress has eased slightly in September as the Federal Funds Rate decreased and mortgage rates have improved to the high 5% to low 6% range. The combination of lower asking prices and lower interest rates offer the best opportunities we’ve seen in this market this year. Don’t delay, take advantage of this change of season!
If you would like to talk more about how to strategically sell your home or find a new home purchase, please let us know. We would love to work with you. |
