October 2024 Denver Real Estate Market Update | Inventory Trends, Pricing Insights, and Market Dynamics Welcome to your October 2024 Denver Real Estate Market Update! In this video, we break down the current trends and stats affecting Denver’s real estate landscape. We’re seeing two very different stories in the market—one for homes priced under $500,000 and another for luxury properties between $1,000,000 and $1,500,000. Watch as we dive into key insights, including inventory trends, price reductions, showings, and days on the market.
💸 Market Under $500,000 Increased inventory, softened buyer interest, and growing days on market define this segment. Discover what’s driving the 81.6% rise in available homes and the drop in selling odds.
🏡 Luxury Market $1,000,000-$1,500,000 The luxury sector is showing a more favorable outlook for sellers. With higher pending sales and a reduced inventory timeline, this segment offers unique opportunities for both buyers and sellers.
📊 Factors Impacting Each Segment We explore how property types are shaping inventory in each price point and the challenges facing attached properties. From rising property taxes to increased HOA costs, these factors are reshaping affordability and buyer decisions in Denver’s real estate market. Tune in to get the full breakdown and learn what these trends mean for you. Don’t forget to subscribe for monthly market updates and Denver real estate insights!
Denver West - Ryan Devin