What Denver's housing market actually looks like right now — from someone working in it every week

Something worth talking about right now in Denver, CO — the market is not as simple as the headlines make it sound. I hear a lot of people expecting either a crash or a boom, and the reality is somewhere in the middle, which is actually harder to plan around than either extreme. Here is what I am seeing on the ground. Inventory has picked up compared to where it was a year ago, which means buyers have more choices. That sounds like good news, and for buyers it mostly is. But for sellers, it means pricing has to be more deliberate. Homes that are priced well and in solid condition are still moving. Homes that are not are sitting longer than sellers expect. Where this gets especially practical for the families I work with — those dealing with inherited homes or estate situations — is that the margin for error on pricing and timing has gotten smaller. When someone is managing a probate property from out of state, or trying to clear an estate while also coordinating with an attorney and a care team, there is not a lot of room for a listing that sits for three months because it came out at the wrong price. The plan matters more than it did two years ago. Rates are not helping buyers the way sellers wish they would. Affordability is still a real constraint, and that shapes who is in the buyer pool for any given property. None of this is cause for panic, and none of it is cause for celebration. It is just the current reality, and the steady approach is to look at it clearly and make choices based on what is actually there — not what the market was doing in 2021 or what someone hopes it will do next year. If you are thinking through a property situation in Denver, CO and want a practical read on where things stand, I am happy to talk it through. — Kevin Lundy | The HomeBridge Group at eXp Realty