A Market Trend We’ve Been Noticing in Denver

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There is something going on in the Denver real estate market that has been happening like clockwork over the last few years. The average showings per active listing are steadily declining right around the same time each year, at the end of June. Why is this helpful information to know? Well, if you’re looking to buy, it means after this time you’ll have less competition from other buyers.

As you can see in the graphs in the video above, a pattern has started to emerge. We started strong with the number of showings at the beginning of each of the last three years. Once we get to late June, however, the numbers drop significantly.

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Average showings are dying off at the end of June.

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As for this year, you can see that we have had a huge dropoff in the past month of showings per active listing. The moral of the story here is that we haven’t shifted from a seller’s market to a buyer’s market, but the inventory has loosened up a bit. Like many things in life, if you can avoid moving in a herd mentality, it will usually serve you best.

If you have any questions for us, don’t hesitate to give me a call or send me an email. I look forward to hearing from you!