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July Market Update

Tupper Briggs

Tupper began his real estate career in 1973 and has earned every accolade from the National Association of Realtors and RE/MAX International available...

Tupper began his real estate career in 1973 and has earned every accolade from the National Association of Realtors and RE/MAX International available...

Oct 4 2 minutes read

When will this end?  I get this question a lot and I don’t have the answer.   Denver’s economy is among the best in the nation and that is supporting a healthy housing market, despite rising prices and interest rates.   On the other hand, we’re seeing homes stay on the market a bit longer and we’re seeing more price reductions, which suggests the market is settling down but not necessarily headed to a turning point. 

Tupper's Team prepares a Market Segment Report every month to stay on top of activity in every price range.  This month’s report shows that our foothills housing market is either balanced or seller-favorable in every price range up to $1.5million.   Above that point, properties on the market outnumber sold properties 53 to 12, leaving our high-end homes in an unfortunate buyers’ market midst an otherwise robust market.  If you'd like to see a copy of our latest Market Segment Report, just let me know.


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