The sun is starting to rise earlier, and the days are getting longer with each passing day. Colorado is officially heading towards spring! We’ve even been teased with some near 70-degree days recently, followed by subfreezing temperatures and more snow. Just like you never know what type of day you’re going to get in Colorado–warm and pleasant or cold and snowy–Denver’s real estate market is just as inconsistent.

You don’t have to look very hard to find stats showing that Denver is experiencing higher inventory levels than most recent years. Most buyers have no shortage of homes to view when making their purchasing decision, and many sellers are left wondering why they are not seeing more showings on their home. However, this is not the case for every buyer or seller. Some buyers will share that they have few to no options of homes to see, and a handful of sellers are experiencing multiple offers and accepting over list contracts the first weekend they are on the market. So how is it that homebuyers and sellers can be experiencing two very different scenarios in their real estate journey in literally the same cities? The answer is pretty simple: price point.
 

If you’ve been reading any of our more recent Denver Market Update blogs, this is probably no surprise to you as this is not a new trend. However, the gap between homes priced above $800,000 and below might be getting more pronounced as we head further into 2025. This is because homes in these higher price points are starting to experience a more traditional Denver spring market, with homes selling very quickly, usually in the first weekend. More recently, we’re not just seeing them sell quickly but also commonly with multiple offers and over list price. Buyers are left feeling discouraged when their offers aren’t accepted, and there are few to no other home options to look at. However, home sellers and buyers below $800,000 are experiencing a very different reality.

For homes priced below $800,000, the market resembles more of a fall or winter market, with homes often sitting on the market for several weeks with very few showings. When offers do present themselves, they are often below list price, come with seller concessions or even both. Buyers in this price point often have quite a few options of homes to see at any given time and can afford to be aggressive with their offers. If a seller isn’t willing to entertain an aggressive offer, buyers have no fear of walking away and moving to the next home that piques their interest and meets their needs. These conditions are only magnified in condos and townhomes. 

These unusual market conditions make it challenging to address the common question Denver residents have right now–how is the Denver real estate market? The easy answer is–it truly depends on what price point you are looking to buy or sell in. These conditions can make it hard for real estate experts to give blanket advice to homeowners and buyers, let alone someone who is thinking about making a change with their home in 2025.

Now more than ever, it’s important to work with a real estate expert who understands the unique market conditions Denver is experiencing. It’s equally important to have an agent who will take the time to understand your specific real estate goals and work with the current market conditions to help turn them into reality. TK Homes prides itself on being an industry expert that ensures that whether you want to buy a $1,200,000 home or sell a $300,000 Denver condo, you have the knowledge to make smart decisions and the expertise on your side to be successful. Contact a TK Homes agent today and experience for yourself how we can help you turn your real estate goals into a reality!

~ Written by CEO/REALTOR® Trevor Kohlhepp