As Denver’s real estate market settles into the rhythm of the new year, buyers and sellers alike are watching for signs of what’s ahead. Compared to last month and this time last year, more luxury homes are hitting the market in February. But buyers have been slower to act, leading to a more gradual increase in pending sales, according to Denver Metro Association of Realtors (DMAR).
Read MoreAccording to the August Market Trends Housing Report from the Colorado Association of Realtors, with more than 27,000 active listings statewide, and more than half of them sitting in the seven-county Denver metro region, potential buyers had 21% more inventory to choose from last month than they did a year ago.
Read MoreNicknamed the “Mile High City” for its elevation, Denver's housing market has reached new heights as well. Once known for affordability, Denver now boasts a competitive market with rising prices. This surge is fueled by a booming job market and a limited housing inventory.
Read More“The once-predictable Denver metro real estate market feels topsy-turvy as we navigate a new landscape,” said Libby Levinson-Katz, chair of the DMAR Market Trends Committee, in the report.
Read MoreThe Denver metro area ranks as the hottest housing market in the country for a second year in a row, according to a recent analysis from U.S. News & World Report.
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