The Denver real estate market is holding strong. Detached homes are selling at a median price over $600K again and inventory dropped to 0.97 months. These numbers aren’t earth-shattering news, but rather the norm here in Denver. As inventory drops, we’re seeing an uptick in competitive offer situations, resembling the market last spring. If mortgage rates continue to increase (as predicted by the finance experts) you can also expect to see buyers’ urgency to increase in fear of missing out on these historically low rates!
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