Denver housing market shifts toward buyers as prices dip
Scripps Local · Just In
Scripps Local
Just In
Denver’s housing market is increasingly favouring buyers, with prices declining and inventory rising. The July report from the Colorado Association of Realtors shows a shift from a seller’s market, offering more opportunities for prospective homebuyers in the region.
Breakdown
- Housing inventory in Denver has increased by nearly 14%. 9s
- Homes are taking an average of 45 to 50 days to sell. 14s
- Townhome and condo prices have dropped 6.5% from last year. 26s
- About 60% of transactions include concessions averaging $10,000. 1m 12s
- Buyers benefit from more inventory and time to choose a home. 1m 17s