Spring 2024: Buyer's Market or Seller's Market in Denver?
The honest answer for spring 2024 is: it depends on price point and neighborhood. Here's the breakdown.
"Is it a buyer's or seller's market?" is the question of spring 2024. The honest answer: the Denver metro is running two markets at once.
Entry-level still favors sellers
Well-kept homes under roughly $600,000 in desirable neighborhoods continue to see multiple offers. There simply aren't enough of them. With rates near 7%, this is where the most buyers are concentrated.
Move-up and luxury favor buyers
Above $1 million, inventory has loosened and days on market have stretched. Buyers here have room to negotiate price, terms, and timelines in a way they didn't two years ago.
The middle is balanced
Between those bands, it comes down to the individual home. Condition and pricing decide everything. A sharp listing sells fast; an overpriced one sits and then chases the market down.
What it means for you
Ignore the national headline. The only market that matters is your price point in your three target neighborhoods. That's the read worth getting before you act.
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