The Denver market is starting to inch toward a more balanced market and this is great news for buyers who have been overwhelmed by the insane lack of inventory and huge demand that has defined 2015 and much of 2016. Thankfully gone are the listings that receive a dozen or more offers within the first 48 hours of being in the MLS. Buyers are able to make more thoughtful choices given a wee bit of breathing room and this is actually better for all parties ~ less contracts fall due to buyer's remorse and sellers have better peace of mind that they can pursue their next purchase successfully. Additionally interest rates are still at their lowest levels historically enabling buyers to have greater purchasing power than in years past. The bottom line is this ~ late summer into fall is an excellent time to purchase a new home. Sellers have become much more realistic in terms of pricing giving buyers a chance to get into the next home of their dreams before the holidays. Sounds like a win-win to me.
