Denver Metro Market Update | Dec 2018

The December Denver Metro Market Trends Update has been released and there is quite a lot that can be drawn from the data.

I’ve broken it down in a quick video below.

 
 

Key take aways for me are:

  1. We are in our traditional winter seasonal slow down, however comparing year on year, Denver’s market continues to be strong and trending upwards.

  2. Rental rates continue to rise. We are one-third more expensive than the national average, however salaries are not commensurate with this. Likelihood is if you can afford rent in Denver, you could probably afford to buy a home - there are a tonne of lending and affordable housing options out there, so speak to a lender on what you can afford - it may surprise you (pleasantly).

  3. The buying/selling frenzy that we have experienced in the past few years is coming out of the market as buyers reached their limit of what they were prepared to spend and tapped out. This “balancing” out means buyers can start to look with less pressure to make overpriced offers and waive contingencies (as was previous seen).

If you’d like to read the entire report, you can access it below too.

RE Education, BuyingTracey GobeyComment