It's a homebuyer's market in Denver
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Homebuyers hold an edge in the Denver real estate market — so long as you can foot the hefty bill.
The big picture: Metro Denver had just over 4,800 more sellers than buyers, a stark 42% difference, signaling a homebuyer's market, per a recent Redfin estimate based on April figures.
Why it matters: The local market's rate is more than the 33.7% national average — the widest gap on record, per Redfin — and a big reversal from just a few years ago, when homebuyers were desperate to find a place to live, sending prices into the stratosphere.
Yes, but: The $585,046 median sale price in metro Denver means that prospective homeowners should prepare for high home prices.
- Buying a house remains out of reach for most Americans, according to the National Association for Realtors in a recent report.
The intrigue: The local market had the most unsold listings in over a decade last month, with nearly 14,000 properties up for sale, per the Denver Metro Association of Realtors most recent report.