Denver metro homebuyers are scoring deals
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The average discount for Denver metro area homes that sold below their original asking price last year was nearly 7%, lower than the U.S. average of nearly 8%, according to a Redfin report.
Why it matters: Still-high mortgage rates and home prices have sidelined many shoppers. But those who remain in the market are scoring the biggest deals in years.
- The 8% national gap is the largest since 2012.
Stunning stat: 67% of homebuyers in metro Denver paid less than the listing price last year.
- That's slightly higher than the U.S. average of 62%, the highest share since 2019.
The big picture: It's a homebuyer's market for people who can afford it.
- There were a record 47% more home sellers nationally than buyers in December, per Redfin, giving house hunters more options and negotiating power.
Reality check: Homes still fetch high prices across the Front Range, as the median original list price for homes in metro Denver was $608,900 last year, per Redfin.