For the past 6 years, the Denver Metro real estate market has been a “seller’s market,” but is that about to change? Well, current trends are showing that it has already started changing in CERTAIN SEGMENTS OF THE MARKET, but not all. As is a predictable trend, the luxury market is the first to soften and show signs of becoming a “buyer’s market.” Listings above $1m are seeing price cuts and longer days on market, and we are seeing similar trends in a slightly cooling suburban market. What is holding steady as a seller’s market? Sub $1m listings in central Denver remain strong with very low days on market and asking or above asking sales prices. Click the picture below to read a 5280 article about current trends.
Will changes trending in 2019 affect your buying or selling? Give us a shout to find out!
As Denver natives, Tony and I have been fortunate enough to grow up in a city that we truly love. Our familiarity with this city, its neighborhoods, and its people lends to an understanding of every aspect of the Denver Metro Real Estate market. Our brother and sister team has a firm grasp on this ever-changing real-estate market.