Everyone wants to know what is going to happen in the Denver Housing Market 2020. After years after rush, rush, rush and high equity building the Denver market looks like it is due to head into a more sustainable pattern.
Denver Housing Market 2020
Are we in a buyers market yet? I really think this depends on which neighborhood/area you are looking in. Last year we saw some particular areas get into somewhat of a seller slump. These home sat for a little longer than we are used too and suffered from price reductions. There are several reasons for this. One thing I did notice though was that many of these neighborhoods had seen some of the biggest equity gains since 2012.
For other neighborhoods or areas it is still very much a sellers market!
Sellers! Depending on where you live you may need to adjust to the lower equity gains and factor this in when setting a price to sell your home at.
Buyers! Interest rates are low the market is still a little slower right now so it is a good time to jump in!
Want more information, check out my Moving to Denver podcast episode on the Denver Housing Market 2020