Market Leveling Out But Still Very Strong...
As the leaves begin to change and the nights turn crisp the Denver Real Estate Market continues to remain hot.
Although prices have leveled off a bit and have even shown some reductions across the metro area, they are still up 15% year over year. Buyer demand remains strong as mortgage rates continue to be low.
New listings we down by 6% which contributed to 15% fewer closings compared to this time last year. Days on market dropped by 10 days. Available inventory also dropped by one week compared to September 2020.
All signs continue to show that the housing market will remain strong for the foreseeable future.
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