As published in DMAR Market Trends, June 2024 Home sellers are returning to the market but are finding buyers hesitant. While market dynamics have shifted in recent months with an influx of demand, it remains important to focus on area-specific micro-markets — which can vary significantly in activity — when pricing homes or helping buyers. […]

As published in DMAR Market Trends, May 2024 Denver’s real estate market is normalizing but continues to face persistent affordability challenges. This presents opportunities for serious buyers and sellers to negotiate favorable deals in the second half of the year. Governor Polis approved a bipartisan bill that will cut property taxes saving the average homeowner […]

As published in DMAR Market Trends, April 2024 Move-in ready homes priced correctly are selling notably faster and attracting multiple offers, while homes that are not turnkey are struggling to find buyers. The Denver Metro area ranks as the hottest housing market in the country for a second year in a row, according to a […]

As published in DMAR Market Trends, March 2024 Sellers are increasingly trusting the Federal Reserve’s assurances of three potential interest rate drops this year. Consequently, they are slowly removing their “golden handcuffs” and stepping off the fence to look for new homes. According to the Colorado Department of Labor and Employment, Colorado experienced greater job […]

As published in DMAR Market Trends, March 2024 Spring has sprung and the market frenzy is back, particularly for homes priced in the sweet spot, often attracting multiple offers within days of being listed. The condo market has shifted to a buyer’s market, driven by escalating HOA fees due to the insurance costs and elevated […]

As published in DMAR Market Trends, February 2024 Homebuyers on a $3,000 monthly budget gained nearly $40,000 in purchasing power after mortgage rates dropped to 6.7% from a high of 7.8% in October. Buyers are back in the market but aren’t necessarily ready to get off the fence as many still have sticker shock over […]

As published in DMAR Market Trends, January 2024 Amidst a slowdown in buyer activity, longer days on the market and more back-on-market listings, some sellers now require higher earnest money deposits. Real estate agents are reporting a slight uptick in buyers expressing interest in purchasing a property at the onset of 2024, likely due to […]

As published in DMAR Market Trends, December 2023 Homes in great condition and priced well continue to attract offers within a week or two of listing. Conversely, homes in need of “work” linger on the market, awaiting buyers who often hold out for two or three price reductions before making an offer. Retail sales in […]

As published in DMAR Market Trends, November 2023 Many new builds have incredible year-end incentives such as permanent rate buydowns, all appliances and landscaping included packages. Buyers are enjoying increased inventory and have become more demanding during inspections. Sellers planning to list their homes this winter may benefit from obtaining a pre-inspection report to address […]

As published in DMAR Market Trends, October 2023 Sellers planning to list their homes in the winter may want to prepare before the snow arrives. Obtaining pre-inspections of the roof, air conditioning and sprinkler systems will allow time for necessary repairs and provide peace of mind to future buyers who won’t be able to conduct […]