{"id":1156,"date":"2025-09-24T12:00:26","date_gmt":"2025-09-24T12:00:26","guid":{"rendered":"http:\/\/www.agencywebdesigners.com\/?p=1156"},"modified":"2025-09-25T14:21:16","modified_gmt":"2025-09-25T14:21:16","slug":"real-estate-firms-are-calling-it-metro-denver-a-buyers-market","status":"publish","type":"post","link":"http:\/\/www.agencywebdesigners.com\/index.php\/2025\/09\/24\/real-estate-firms-are-calling-it-metro-denver-a-buyers-market\/","title":{"rendered":"Real estate firms are calling it: Metro Denver a buyer\u2019s market"},"content":{"rendered":"

Metro Denver swung sharply toward a buyer\u2019s market this summer and will likely become more entrenched in that direction as activity slows in the months ahead, according to two leading real estate firms.<\/p>\n

\u201cDenver went from one of the hottest markets to one of the more challenged markets. Over the summer, sellers weren\u2019t getting the traction they were hoping for,\u201d said Jeannie Tobin, director of market analytics at Homes.com<\/a>, a leading real estate portal.<\/p>\n

Because of the rapid increase in supply this spring and summer, Homes.com officially declared metro Denver a \u201cbuyer\u2019s market.\u201d<\/p>\n

Tobin, who covers Colorado, Utah and New Mexico, said the number of available residential listings in metro Denver reached a 14-year high in July and the inventory remains elevated at levels last seen coming out of the housing downturn.<\/p>\n

A lack of affordability has left the market here more vulnerable to a dramatic shift. Although single-family home prices have bounced around in a narrow range since early 2022, Denver\u2019s housing market remains the eighth most expensive in the country and the most expensive of any major metro area not near a coast, according to Homes.com.<\/p>\n

The median price gain of a residential property sold in August in metro Denver rose 0.3% annually to $587,000. That is below the 2.4% gain seen nationally, according to Homes.com. In August 2021, metro Denver home values rose 17.4% annually. In August 2022, the increase was 6%. In August 2023, it was 1.3% and last year 0.6%.<\/p>\n

\u201cIt is already a slower market, so judging by historical trends, I would say that prices are poised to come down through the remainder of the year,\u201d Tobin said. Whether they stay down won\u2019t be clear until the peak selling season kicks off next year.<\/p>\n

Lower mortgage rates could help ignite demand and restore a more balanced market. But condos could also act as an anchor that drags overall prices down. Condo prices in metro Denver fell 8.7% annually in August, reflecting strong competition from luxury apartments and more burdensome HOA fees, which are rising due to higher insurance premiums and maintenance costs on older units.<\/p>\n

Zillow, the nation\u2019s largest home search portal, still has Denver in the \u201cbalanced\u201d camp, but brokerage firm Redfin said the region led the nation in August for the growth in sellers outnumbering buyers.<\/p>\n

Redfin estimates that there were 57.1%<\/a> more sellers than buyers active in the housing market in metro Denver versus a 7.9% gap in favor of sellers a year earlier. That works out to 10,126 buyers active in August compared to 15,905 sellers.<\/p>\n

That gap isn\u2019t as lopsided as seen in several Florida and Texas cities. Denver ranks 18th out of the 50 largest metros in terms of how deeply it is in buyer territory. Tobin describes Denver as a \u201cweak\u201d buyer\u2019s market.<\/p>\n

Where Denver stands out is in how quickly the shift has happened. Once one of the hottest housing markets in the post-pandemic years, metro Denver is now one of the coldest.<\/p>\n

\u201cThat 49.2-percentage-point gain is the largest among the 50 most populous metros,\u201d Redfin said in its report.<\/p>\n

Las Vegas, Seattle, Nashville and Detroit were some of the other major metros that also moved quickly into the buyer camp this summer.<\/p>\n