June Real Estate Market Report: Denver Metro Area

The spread between the number of homes for sale and the number of buyers who are purchasing them has gotten substantially wider, meaning buyers have significantly more options right now than they did at any other point in the last several years.  The number of homes for sale in the Denver metro area is up 54.5% year-over-year, whereas the number of pending listings is only up 3.7% YOY.  

If you've been thinking about buying a home sometime soon, this would be a very good time to start looking at all of the available homes for sale.  The coming months will likely be a very good time to make a purchase considering the number of homes you'll have to choose from compared to the number of buyers who would be competing with you.  While some listings are still selling quickly and getting multiple offers, when interest rates eventually fall, buyers should expect many more buyers to enter the market and competition to increase notably.

Our award-winning team has some fantastic homes available for sale right now across all price ranges, and we're working with some great buyers who are looking for their next homes.  If you're thinking about buying or selling a home this year, please don't hesitate to reach out so that we can help you achieve your real estate goals! 

Denver Metro Area: May Market Stats

_{Source: REColorado and ShowingTime, residential, all property types, May 2023 vs. May 2024, April 2024 vs. May 2024 [accessed 06/04/2024].}