"In December, Denver experienced a notable 12.6% increase in active listings compared to the previous year, reaching an impressive total of 2,423 homes. Surpassing the national growth rate of 12.1%, this surge in inventory opened up a wealth of options for eager buyers. Although newly listed homes decreased by 5.9% from the previous year, the overall inventory expansion suggested a vibrant market atmosphere."
"The median listing price in Denver fell to an enticing $519,500 in December, marking a compelling 6.4% decline from the previous year. While this drop contrasted sharply with the modest national decrease of 0.6%, it presented a golden opportunity for buyers seeking value. Additionally, a 3.6 percentage point decrease in the share of homes with price reductions to 17.2% painted an encouraging picture of increasing buyer power."
"In December, homes in Denver spent a median of 79 days on the market, a slight 2.6% increase from the previous year. Although this was longer than the national median of 73 days, which rose by 5.0% year-over-year, it signified an advantageous period for buyers to make carefully considered decisions in a market ripe with potential. For buyers, December's rising inventory and declining prices in Denver unlocked exciting opportunities to secure a home at potentially lower costs."
In December, Denver's active listings rose 12.6% year-over-year to 2,423 homes, outpacing national inventory growth. Newly listed homes fell 5.9% year-over-year even as total inventory expanded. The median listing price declined 6.4% to $519,500, a sharper drop than the national 0.6% decrease. The share of homes with price reductions fell 3.6 percentage points to 17.2%, reflecting growing buyer leverage. Median days on market increased slightly to 79 days, up 2.6% year-over-year, compared with a national 73-day median that rose 5.0%. Buyers gained greater opportunity, while sellers faced increased pressure to price strategically.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]