60 Second Market Update
š” Real Estate Market Update – Mostly a Buyer’s Market
Pricing: Pricing is fairly stable. Some stats actually show an increase. However, that isn’t the full story. Many homes are selling with significant upfront concessions and inspection repairs. About half of homes see a price cut before selling. 
Activity Levels: Showing traffic is slightly below where it was last year. We are seeing about 14.5 showings to every one offer on listings in the Denver market.
Days on Market: Days on Market is at an average of 44. Some areas are less and some are more, but most sellers are taking around 6 weeks to get under contract.
- šMortgage Market UpdateĀ Personal Note – Although the official rates are in the mid to low 6’s, many of our buyers are closing with a rate closer to 5.7%
- Mortgage Rates Nudging Down: 30-year fixed averages are hovering around 6.3%, slightly lower than earlier this fall and trending toward 2025 lows.
- Cooling Labor Market: Only 22k jobs added in the latest report; unemployment holding around 4.3%, signaling slowing momentum.
- Fed Outlook: The Fed cut rates in late October and is cautious about more cuts. Markets now expect 1ā2 additional cuts, not three.
- Why It Matters: Softer job growth = less inflation pressure, giving mortgage rates room to easeāthough progress is slow.
- Looking Ahead: Tariffs and inflation uncertainty could limit how fast rates fall, but overall trend points toward gradual easing into 2026.
