An uptick in both buyer and seller activity shows the 2023 housing market is off to a strong start in the Denver Metro Area. Although sellers brought more new listings to the market than we saw in December, inventory levels remain low — especially for buyers looking for more affordable price ranges.
What This means for Buyers
Although sellers brought more new listings to the market than we saw in December, inventory levels remain low. You’ll especially notice this in the more affordable price ranges, where homes continue to spend fewer days in the MLS.
Pro Tip: To uncover more inventory for your buyers, hone your search skills.
To learn more, visit the REcolorado Learning Path Listing Search >>
What this means for Sellers
High prices and mortgage rates give prospective sellers little incentive to list their homes. Home prices are staying in check as buyers exercise their negotiating power.
Pro Tip: Use CMAs to drum up new business! Look to your sphere for contacts who might consider selling their home, then send them a quick CMA. Not only does this let you practice your pricing skills, but it gives you another way to stay in touch with your sphere… and maybe even generate new listings!
To learn more, visit the REcolorado Learning Path CMAs and Pricing >>
What this means for Renters
More and more Colorado brokers are entering their listings in REcolorado, giving us the chance to produce rental market statistics. The rental market saw year-over-year gains in terms of the number of properties leased and median leased prices.
More Colorado Market Stats
REALTOR® Association Market Statistics
In addition to the market statistics reports produced by REcolorado, we providing housing market data and collaboratively produce statistics reports with local REALTOR® associations.
