Denver | May | Top Ten Talking Points

1. Despite a slight increase in active inventory, the market remains tight compared to historical averages.

2. Demand surged in January, reflected in a significant increase in pending transactions.

3. Median home prices experienced a notable uptick from the previous month and year.

4. Multiple offers are still prevalent but less severe compared to the peak pandemic years.

5. Approximately 1/5 of homes sold for over asking price, with buyers leveraging concessions to secure lower interest rates.

6. A notable percentage of homes went under contract within 7 days, often above list price.

7. Market stabilization persisted, maintaining around 1.2 months of overall inventory.

8. New listings saw a notable increase week over week, outpacing pending transactions.

9. Despite snowstorms, pending transactions slightly increased, indicating resilience in demand.

10. The rate of price reductions decreased, reflecting seller confidence amidst ongoing market activity.


SOURCE: our friends at First American Title


Always here to help
-Mckinze
The events I am most excited about this month:
GOLDEN HOURS
March 11th | 2-8pm
HIGHLANDS FARMER'S MARKET
Sundays starting May 19th
9am -1pm
THE BIG WONDERFUL
May 4th | 12-6pm
Golden Hours, a brand new all-day music festival, rocks Riverfront Park on May 11th from 2-8pm. Catch live sets from national and local acts, enjoy pop-up bars and food trucks, and soak up the pre-summer sun. Free and open to the public!
Curious about cabbage? Lusting for lettuce? Come to Highland Square’s Farmers Market! Offering fabulous fruits, fancy flowers, beautiful beets, glorious “grown in Colorado” produce, puffy pastries, bodacious breads and more! Breakfast, brunch or lunch . . . choose from a variety of ready to eat foods as the flow of live music entertains. If you are feeling like having yourself a bit of a Sunday Funday, make sure to stop by the market bar and enjoy a creative libation! Every Sunday, fun for the whole family with neighborhood shopping at award winning stores. We are beautiful, bountiful and bursting! Hope to see you there!
Ain't no party like a Derby Party! TheBigWonderful returns to Belleview Station for its 10th Annual Derby Party and BEER FEST, Bluegrass & BAZAAR!

Taking over Belleview Beer Garden and its surrounding streets, TheBigWonderful at Belleview Station will feature local shopping with 70+ Colorado craft vendors, unlimited sampling from 15+ breweries, cideries, and distilleries, street food and food trucks, and live bluegrass. Don your Derby best and join us for all the festivities, plus a live stream of the Kentucky Derby!

Traveling this month? Take a look at the top events in the home town of my colleagues around the country:
Mckinze Casey

Associate Broker

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