Denver Metro Market News
Dive deeper into the Denver Metro housing market
Denver Metro Market Recap February 2023
Buyers are back, causing a bump in average close price (up 5%) & homes under contract (up 19%), while median days on market is down 9 days (26%). Despite increased listing activity (up 21%) & month-end inventory 3x higher than this time last year, buyer demand continues to exceed available homes. On average, homes closed $7500 under list price, a gap that shrunk $4500 as newer inventory is yielding more multiple offer situations.
Market recaps from previous months
Denver Metro Market Recap January 2022
New listings were up 31% over the previous month, but still much lower than the 70% increase we normally see from Dec to Jan. While sale prices were seasonally lower, buyer competition remained high, with homes closing on average $12.5k over list price (up $3k from Dec). Increased interest rates are lowering buying power, but with expected appreciation, that $500k home now may cost you north of $550k if you wait a year.
December 2021 Market Update Denver Metro
Highlights December saw another month of inventory declines as more homes went under contract (3,321) than there were new listings (2,652)Demand is at an all-time high with 63,684 homes sold in 2021, the highest number ever, while new listings for the year were down...
November 2021 Market Update Denver Metro
November saw another drop in inventory with continued seasonal decline expected, setting up for a competitive 2022
October 2021 Market Update Denver Metro
October represented a cooling of the market across the board consistent with Denver’s normal year-end seasonality. While homes are still closing above asking (101.82%), the extreme bidding wars are less common, giving buyers without 20% down a fairer shot at landing a home. With prices and interest rates consistent month-over-month, the door is open for buyers who burned out over the summer
September 2021 Market Update Denver Metro
September 2021 Summary: After a relative slow down in July & August, September returned to the normal red-hot speed of today's housing market. There remains heavy competition amongst buyers, while a slight uptick in inventory meant buyers had a few more options....
August 2021 Market Update for Denver Metro
August 2021 Summary: August 2021 showed a slowdown in inventory and activity from July which is consistent with traditional seasonality as people come back from vacations and prepare for the school year and the fall. Buyers continue to benefit from low interest rates...
July 2021 Market Update for Denver Metro
While still a strong sellers market, buyers have more options, more time to review homes, and less competition
The Pick Nick 5-star Experience
Lane + Bennett | Denver
"Nick is a wonderful agent and human, I can't speak highly enough of him. In short, my partner and I decided to buy a condo on a quick timeline and Nick crushed through both the sale of our house and the purchase of the condo. If you want someone who truly cares about your happiness with your home purchase, pick Nick. He isn't looking to just make money on your sale, he wants you to LOVE your new place."
Adam | Thornton
"This is my second time working with Nick and he delivered back-to-back amazing experiences. He has always gone above and beyond to make sure I found the right house and that everything is taken care of throughout the entire process. Nick was extremely helpful in the first round by working around some unfavorable financing issues that he wanted to make sure was resolved correctly and honestly. During the second round Nick was extremely patient with my home search as we spent almost 6 months looking for the right house. In the end we found exactly what was looking for and I couldn't be happier! Thank you, Nick, for all your hard work, dedication, and most of all being a great friend!"
Donny + Nicole | Denver
"I am so grateful that we picked Nick to be our realtor. Nick's patience, caring, and knowledge of Denver can't be beat. He demystified the home buying experience and made our dream of owning a home in our ideal location come true. If you are curious about purchasing a home in Colorado, I would recommend connecting with Nick. He will take the time to understand your needs, your dreams, and your potential."
Anne + Andrew | Lakewood
"Pick Nick, pick Nick! He helped my partner and me find our dream home, really beyond our dreams, making the process fun and fluid from the initial meeting through closing and house warming. He was methodical and on the ball every step of the way. He was such an advocate for us as we entered the competitive market but we couldn’t have asked for better representation. I appreciated him even making a point to collaborate with each sellers agents, ensuring we positioned our offer appropriately. As first time home buyers, I’m still processing how wonderful this leap of faith turned out and Nick was our rock through it all."
Jodi + Sid | Littleton
"My husband and I are new to Colorado and wanted to find our forever home. Since we’re “senior” citizens we knew another move wasn’t going to work. Nick took time to get to know us and understand what our wants and needs were and in such a competitive market we found the perfect home. His positive attitude and excellent negotiation skills were exactly what we needed to have the successful outcome and keys to our new home. By far one of the best things that has happened, my husband and I are fortunate enough to call Nick our friend."
Nick | Littleton
"Had a buddy who recently bought a home and was in a very similar situation as I was. He had nothing but good things to say so I didn’t hesitate getting into contact with Nick. I felt confident, organized, and comfortable throughout the entire process thanks to Nick. Things were done in a timely manor and it was just a very smooth experience especially for how complex and stressful buying a home can be. Can’t say enough good things about Nick."
Beth | Denver
"I didn't have a big budget for my home, and Nick never once made me feel like my homebuying process was secondary on his list. I always felt taken care of, and even with my thousands of questions he answered them with patience and kindness. I'm so grateful to have found him!"
Dyan + Patrick | Denver
"We met with several brokers before choosing Nick. His personality and passion for his job made our decision easy. He had an extensive plan for selling and executed it perfectly. He was very helpful with the planning and staging of our home and the results were excellent! We sold in 4 days for over asking price with great concessions! Nick has gained clients (and friends) for life!"
Nita + Greg | Denver
"Nick was always a phone call away and always found the information we requested. He even got us into several properties first and was always on time and fun to view houses with. He truly listened to our wishes and needs and would make gentle but insightful suggestions that were spot on. The market was pretty tight when we bought but we were able to find the perfect home. We have recommended him to our friends and family and will continue to do so."
Karli + Jake | Castle Rock
"Nick was exceptional from the beginning. He met with us early on in the process to really get to know us. He was knowledgable and made the process of selling and buying smooth and easy. Nick is one of the most thoughtful people we have met. He pays attention to detail, is always prepared and truly cares about his clients. He was not only a great realtor, but has turned into a great friend. He sold our house for well over asking and had great negotiating tactics on the buy side. We are so happy with our new house and would recommend him to any friend or family member!"
Patricia | Littleton
"Nick is knowledgeable and extremely professional. He really cares about his client. He is a first class Realtor who walked me through a stressful situation. He was always on top of our schedule even working remotely while out of town. Since I am almost 80, he treated me with dignity and respect when i was challenged with technology. I would recommend Nick highly to anyone who needs a true great, caring, sincere, honest, hard working Realtor."
Christian | Denver
"Nick was an awesome guy! I loved working with him 🙂 I would say if you are a first time home-buyer and/or looking for someone who will answer any and all questions you have this is the guy for you!"
Nicky | Aurora
"Since I work odd hours, Nick communicated ahead of time when he would need me to sign documents or view a property. I never felt rushed to make a decision. He asked very pointed questions about what I was looking for, and recognized when there was something about a property I did not like."
Marci + Jason | Aurora
"Super grateful for Nick! We moved from Kansas City to the Denver area in the middle of a pandemic and bought a house sight unseen. Nick ensured the process was smooth and there were no surprises. We couldn’t have made this move without him."
Jo Linda + Quintin | Wheat Ridge
"Nick is a champ!! Love the newsletters he sent us even before we became customers, showed interest in us and very applicable to the Denver metro area. We interviewed other agents with other companies and hands down his attitude, work ethic and professional yet friendly demeanor and gracious actions won us over. We looked at and discussed several properties together. Once we narrowed it down, Nick was always on top of the details and worked as a team with us when we picked up on details that needed to be addressed as well. We wholeheartedly recommend Nick as an agent who cares for you and will put your needs first."
Mike | Denver
"Nick is a great agent! I wouldn’t have found my loft without him."
Michelle & Bryan | Arvada
Nick is an outstanding real estate agent. He went out of his way to make us feel comfortable every step of the way. Nick is friendly and authentic. You have the sense that you can trust him and he proves it. I highly recommend Nick and would work with him again.
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