🏡 Real Estate Market Update From my experience, Middle price point listings (850,000-1,250,000) are slower to sell. Multi-family properties are selling for much higher cap rates (higher income) and comparatively lower prices than ever in recent history – it’s a great time to be a cash buyer in multi-family. Home Prices: The median closed price in Denver Metro is holding steady in the mid-$600k range. Prices are relatively flat month-over-month, with modest year-over-year growth. Inventory Rising: Active listings are up compared to last year, giving buyers more options. Supply is closer to a “balanced market,” though still tighter than pre-pandemic norms. Sales Activity: Closed sales have slowed slightly as higher mortgage rates weigh on affordability. Pending sales also show some seasonal cooling. Days on Market: Homes are taking longer to sell — averaging around 30 days — compared to last summer when properties were moving much faster. Mortgage Rates: With rates hovering in the mid-6% range, some buyers have pulled back. However, recent rate dips could renew interest from fence-sitters. Market Balance: The Denver market is shifting toward balance. Sellers still hold an edge in popular neighborhoods, but buyers have more leverage than in the hot markets of 2021–2022. Outlook for Homeowners: Expect steadier price growth, more negotiating room for buyers, and continued impact from mortgage rate changes. Sellers should price competitively, while buyers may find slightly better opportunities this fall.
💰 Mortgage Market Update Rates Hit 2025 Low: 30-year fixed mortgages dropped to about 6.46%, lowest since Oct 2024. Weak Jobs Data: Only 22k jobs added in August; unemployment up to 4.3%. Fed Rate Cuts Coming: Markets now expect 3 cuts this year, starting Sept 17. Why It Matters: Slowing job growth and softer economy = lower borrowing costs. Looking Ahead: Economists warn tariffs could slow the pace of cuts, but trend is toward easing.
