The Denver metro's real estate market steadied in September, per Zillow's latest Market Report, as inventory increased, monthly home appreciation shrunk and listings spent more time on the market compared with August.
By the numbers: The share of listings with price cuts hit 17%, up about 2% from August. Meanwhile, available inventory grew 0.6% since August and stands 54.3% below pre-pandemic levels dating to September 2019.
The Denver metro housing market saw an inventory spike last month, with a 10.86% jump compared with August, per the latest Denver Metro Real Estate Market Trends Report.
Between the lines: Now could be a perfect time to pluck your dream home off the market.
A Denver landmark dating back to the late 19th century is hitting the market today.
Driving the news: The Queen Anne Bed and Breakfast on Tremont Place downtown is listed at $4 million, according to LIV Sotheby's International Realty, the broker.
The signature funk of Denver's Art District on Santa Fe Drive may be fading.
What's happening: Rapid development in a historically underserved area is raising rents and property taxes, pushing people out and threatening to upend the neighborhood's character and spoil the delicate dance between art, commerce and historic preservation.
The housing market in metro Denver continues to cool as home sales slow and active listings rise to new records.
Yes, but: Median home prices remain relatively stable — and steep — at $575,000.
Denver is emerging as a test market for an experiment in the way we rent apartments and homes.
State of play: Most of the new options — whether nomadic rentals, co-living arrangements or pairing intergenerational odd couples — are aimed at millennials and Gen Zers who want amenities and a sense of urban community.
In yet another sign of the housing market's scorching, albeit preposterous heat, nationwide single-family home prices jumped 19.7% in July from a year earlier, the sharpest spike in over three decades, per a Bloomberg report out this week.
Zoom in: In Denver, where the median home price hovers around $600,000, budget-friendly listings tend to go quick.
The ferocious housing market started to relax slightly last month, as hopeful buyers paused to consider the pricey and competitive options available to land their dream homes.
The big picture: The National Association of Realtors recently said existing-home sales slipped 2% in August from the prior month. Here's hoping that means smooth sailing on your house hunting journey. Check out our residential eye candy this week:
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