"An active inventory near 23,000 listings expands options across price points and property types. With conditions leaning closer to balance than midsummer, buyers can compare neighborhoods and adjust terms with greater confidence. The mix of older listings and fresh supply creates clear signals on where pricing is gaining traction, especially in submarkets with tight comp ranges."
"48% of active listings posted a reduction during the latest reading, a broad signal that sellers are calibrating to meet buyers. Data-informed price changes help listings maintain momentum and avoid longer days on market. In areas with many comparable homes, measured reductions improve visibility in buyer searches and set workable negotiation ranges."
"Under-contract volume exceeded new supply, with 1,869 homes absorbed versus 1,441 new listings. That relationship indicates demand is still pulling inventory through the funnel even as more options enter the market. Colorado sits close to a balanced market, so accurate pricing and turnkey presentation remain decisive."
Statewide median list price is $649,900 with about 22,890 active listings and nearly half of those listings showing price reductions. New supply totaled 1,441 listings while 1,869 homes moved under contract, indicating demand is still pulling inventory despite added options. New listings entered at a median of $597,500, roughly 8% below the statewide median, creating entry-level opportunities. Sellers are calibrating pricing to maintain momentum and avoid longer days on market. Buyers, especially first-time purchasers, can leverage lower new-listing prices and frequent reductions to negotiate on price or terms when financing aligns with recent comps.
Read at www.housingwire.com
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