Historically, the market does not reach its highest point until August or September. There are roughly 2,000 fewer properties on the market now than there were three years ago, and the inventory reached an extraordinary peak in June and July during the past three years. However, the market is still a long way from what many industry professionals would consider a buyer's market. The number of days a property was listed in the Multiple Listing Service grew by precisely 30 percent. Last month, the number of month-end active listings climbed by 21.53 percent. Every piece of evidence points to the Denver housing market becoming increasingly buyer-friendly. No longer can a seller just place a sign in their yard and expect their house to sell. Buyers are increasingly particular about what they seek and usually inquire whether and how much they may pay below the asking price. The decrease in the close-price-to-list-price ratio to 100.81 percent is one of the key markers of a shifting market. The market is down 3.33 percent month-over-month, but it is still up 11.04 percent year-over-year, indicating that a more balanced market, paired with slightly dropping interest rates, may give opportunities for people who previously felt exhausted by the process. The real estate market has become more balanced, according to DMAR. The market stats for July indicate that the Denver housing market is no longer in flux. Is the Denver housing market moving in favor of buyers in 2022? As the Denver Metro Housing Market continues to evolve, this blog will keep you up-to-date. Will Home Prices Drop in 2023: Housing Market Forecast 2023.North Carolina Housing Market Forecast 2022 & 2023.South Carolina Housing Market Forecast 2022 & 2023.Boise Idaho Real Estate Market: Prices And Forecast 2022.Seattle Housing Market Forecast 2022 & 2023.Seattle Real Estate Investment: Is it a Good Place to Invest?.Phoenix Real Estate Market 2022: Prices, Trends & Forecast.Will the Phoenix Housing Market Crash in 2022?.Los Angeles Housing Market Forecast 2022 & 2023.San Diego Housing Market Prices And Forecast 2022-2023.Is San Diego Real Estate a Good Investment?.NYC Housing Market Report: Rent Prices Are Skyrocketting.Housing Market Crash: Will Real Estate Crash in 2022?.12 Best Personal Finance Books That Can Make You a Millionaire.
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