Denver Real Estate Market Update February 2024
🏡Michael Kozlowski Ranked as High as the #1 Individual Agent in the State of Colorado! Already Selling Homes for Full Price in 2024! www.team-koz.com 303-949-2755🏡The Super Bowl is upon us and the Denver Real Estate Market has just begun its Prime Time Season!
The Buyers are back in the market after taking a short pause the end of 2023! They are motivated to find the right home for their needs, and take advantage of lower interest rates and an increase in Listing Inventory!
- Active Listings are over 4,800 which is 18% more than last year!
- New Listings last month were over 3,300 and almost 15% ahead of last year at this time.
- Pending Contracts are up 6.5%, and Average Residential prices are up 5.4% year over year.
Buyer demand is solid, don’t wait for prices to come down if you are looking to purchase as you may miss out. This is a great time to get in the market before it is in full swing with an abundance of competition.
Seller’s this is your early wake up call! We are seeing a slight Seller’s Market in this early activity, and if you need or want to sell this is truly the time to prepare your home for Sale, and we can help you!
Showings are strong, and homes that show well are getting a lot of attention and potential multiple offers! Prime time in the Denver Metro Market typically runs through July! Now is the time!
