Properties are not selling as quickly as they have in the past. Lots of homes are “back on the market”, and there are numerous price adjustments. The total number of sales in September were down 15.5% year over year and down 20% from August, way above the typical fall slowdown.
This makes it a great time to make offers and invest. First 6 months of 2018 should good with strong appreciation. If Amazon decides to put their second headquarters in Denver, we will see a 30% uptick in real estate prices. We should find out in January of 2018!
Call us for coffee we can discuss the real estate market and the future of Denver in more detail.