Metro Denver’s housing market has undergone a shift in recent weeks, not unlike a cold front that ends a spell of record heat, and it could provide significant relief to buyers if it continues, according to local real estate agents.
“The market has begun to move over the last two to three weeks and has been very noticeable to most agents within the last seven days,” said Bret Weinstein, founder and CEO of BSW Real Estate in Denver. “There is absolutely a market shift occurring.”
Whereas a popular listing might have attracted more than a hundred showings and 15 to 20 serious offers earlier this year, now even a “great property at an affordable price point” might see 30 to 40 showings and three to four offers, Weinstein said.
Granted, at any point before the pandemic, that would still represent a robust seller’s market. But for buyers tired of putting in offer after offer and losing, any kind of tempering will improve…