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Latest News: Market Conditions

September 2021 Market Update

As the fall chill blew through Denver this September, it did nothing to cool down the market. After the inventory lull in August, the moderate increase in September inventory felt significant and gave buyers more options. The number of closed

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August 2021 Market Update

Seasonality is always a factor in the real estate market. This transition season between summer and fall, had a lot of buyers sitting August out. Many Denverites took advantage of a final summer vacation and almost all school-aged kids prepared

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July Market Update

At first glance, the July numbers suggest a cooling market, but in a broader context, buyer competition doesn’t look to be letting up quite yet. Inventory ticked up this month, but it was still the lowest inventory for July on

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June Market Update

We generally see the peak of the busy season in June. 2021 was no different. Denver saw record-breaking stats for the number of closings, average close price, and new listings. The June inventory increased 50.46% over last month. For reference,

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May Market Update

As spring turns to summer, the real estate market in Denver continues to be competitive for buyers. This year, for the first time in 13 years, the inventory at the end of May was actually less than the beginning of

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April Market Update

The Denver market continues to race forward into spring. Inventory in April was up 35.03% over March, but that still made for the lowest April inventory on record. 6,699 listings hit the market in April, but by the month’s end,

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March Market Update

As spring arrives, the market in Denver usually picks up. What does this mean for a year that never slowed down? Even more competition and not nearly enough inventory to keep up. The average days in the MLS for homes

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February Market Update

February 2021 saw many of this winter’s trends continue. Low average days on market, limited inventory, and creative offers characterize the market. It is hard to overstate the speed at which homes are being listed and going under contract. The

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January Market Update

The Denver market continues to see high demand and increased appreciation even in January. While we often see reduced available inventory in the winter months, this January was a new record low with just 2,316 active listings at month-end. New

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December Market Update and Year End Review

The close of December brought the end to a year that no one could have expected. The month ended similar to the whole of 2020, with record-low inventory and record-high sales volume. December ended with 2,541 active listings on the

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November Market Update

November 2020 in Denver saw record highs and lows in the Denver market. It is important to remember that the residential market generally follows a seasonal pattern and it is normal to see lower inventory in the winter months. Even

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October Market Update

In October in Denver, the market tends to slow down as the weather cools off, but not surprisingly, 2020 was a little different. The record-low inventory continues with only 4,821 active listings. This spring’s pent-up demand continues to have a

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September Market Update

September is historically a month that we see a natural calming of the market as buyers and sellers often decide to stay put in the Fall and Winter months. September 2020 was a different story. Once again, the Denver market

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August Market Update

August broke most of the records set in July and then some. The strong buyer pool pushed average home sale prices to over $604,000 and kept inventory at a record low. At the end of August, there were 5,496 active

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July Market Update

As we approach the peak of summer heat the Denver market has also continued to heat up. July saw record-breaking demand, limited inventory, and prices. More homes closed in July 2020 than any month ever in the Denver Metro area.

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June Market Update

With June data in, we can confirm that prices are still increasing and demand is still high in the Denver real estate market. Under contract numbers in May were at record numbers and June has beat those records. The number

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May Market Update

At first glance, the May stats reflect the market standstill that occurred in April. However, the most remarkable part of May was the record-breaking spike in under contract listings. Under contract listings this month were up 18.9% for single-family homes and

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April Market Update

As in-person showings screeched to a halt in April, Buyers became comfortable with virtual showings pretty quickly. The average days on market for sold properties in April was just 20 days. This tells us that appropriately priced homes are moving

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Fall Metro Denver Market Update

In recent months, the number of homes for sale along with the days on the market has increased. It’s difficult to determine whether these changes are seasonal or are a symptom of a larger market correction that will put more

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The Effect of Legalized Marijuana on the Denver Warehouse Market

If you’re a Realtor in Denver you’ll inevitably get questions from clients about what effect legalization of marijuana has had on real estate. CNN Money recently did a piece reporting that marijuana has been a factor in the high demand for

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Hostel Fish is (quietly) open for business, and just what Denver needs

Denver’s current economic growth rate is the highest in the nation. With that comes a rapidly growing population, exponential increases in rental rates and real estate prices year over year, skyrocketing demand for properties in coveted locations, and… the best

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Denver’s River North Neighborhood Just Keeps Growing

Check out this article from the Denver Post detailing the huge commercial and residential real estate growth in Denver’s River North (Five Points) neighborhood. The commercial real estate market in Denver’s River North neighborhood is in a “feeding frenzy,” with

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What Buyers Can Expect in a Seller’s Market

The amount of competition for home buyers in the metro Denver market can be aggressive and brutal, particularly in desirable neighborhoods. The lack of inventory of available homes to purchase has resulted in an imbalanced market where demand drastically outweighs

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Priced Out: Athmar Park as a Wash Park West Alternative

In part three of three, Adam offers an alternative to Wash Park West and highlights the hidden value in Athmar Park. Check out parts One and Two for more hidden gems when the Denver housing market has you feeling priced out.

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Priced Out: Sloan’s Lake? Why Not Edgewater?

Check out part 2 of Priced Out, where we explore the alternative neighborhoods in Denver, check out part one here If you have driven around Sloan’s Lake within the past year, it’s hard to ignore the overwhelming amount of development,

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