homes <\/a>are spending a longer time on the market, leading buyers to seek negotiations on the price and request concessions for rate buydowns or inspection-related matters.<\/p>\n\n\n\nIn August, closed sales amounted to 3,792, reflecting a 2.02% decrease compared to July’s figure of 3,870. When examining the year-over-year data for the real estate market in Denver, closed sales have fallen by 16.11%. This trend suggests that the Denver real estate market is gradually moving towards a more balanced state, where both buyers and sellers have a more equal footing. Closed-price-to-list-price ratio remains in the 99th<\/sup> percentile, showcasing buyers and sellers are coming together to make sales happened without huge negotiation swings. Pricing in this market is a science. If a home is priced correctly, or even under market, it may still receive multiple offers. However, if the price is slightly high, then days on the market climb until you find the right buyer, or the right price.<\/p>\n\n\n\nThe key takeaway from this month\u2019s market update is that \u201cthe real estate market in Denver continue to show resilience and buyers and sellers are coming together to make sales happen\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Real estate market in Denver continues to show resilience in August. The average price for single-family homes stood at $782,462, showing a slight increase from the previous month when it was $782,240. However, year-over-year, there has been a notable uptick of 4.77% in the average price. At the end of the month, the median price…<\/p>\n","protected":false},"author":2,"featured_media":5088,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[],"acf":[],"yoast_head":"\n
Real estate market in Denver continues to show resilience - LoDoLofts<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n