July Market Update
Tupper Briggs
Tupper began his real estate career in 1973 and has earned every accolade from the National Association of Realtors available over the years...
Tupper began his real estate career in 1973 and has earned every accolade from the National Association of Realtors available over the years...
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.
