18 mins ago - Real Estate
Where Denver homebuyers have the upper hand
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Whether Denver's housing market favors buyers or sellers depends largely on where you're looking, according to recent Redfin data analyzed by Axios.
Why it matters: Location has always mattered in real estate. Now, it could determine who's calling the shots.
The big picture: Buyers are gaining leverage in 52% of Denver-area ZIP codes tracked by Redfin, compared with 29% favoring sellers.
Zoom in: The divide is especially stark in two ZIP codes:
- Lakewood's 80226: More than half of listings (57.1%) saw price cuts in October, up about 20 percentage points from a year earlier.
- Littleton's 80127: Homes sold 16 days faster than a year earlier, while the share of listings with price cuts fell nearly 5 percentage points.
The bottom line: In Denver's uneven housing market, a little flexibility on location could give buyers a lot more bargaining power.