A Goldilock's Market?
We keep an eye on the news in real estate media, mostly about Denver because the foothills area isn’t large enough to command national or regional attention. At the beginning of the pandemic, we noticed headlines that spoke of Denver as a too-vibrant housing market. We were a bit worried about making the lists of hot markets because that meant our market was imbalanced and destined to spiral down at some point.
We are pleased to report that Denver isn’t appearing on recent lists we’d rather avoid:
- “9 Housing Markets Where Tenants Are Most Behind in Rents”
- “10 Fastest-Cooling Real Estate Markets in the U.S.”
- “Boise, Las Vegas, Phoenix Look Like Housing Busts”
- “Real Estate Markets We Should Be Worried About”
- “Where is Housing Overvalued?”
In fact, we were happy to see a recent headline in the Denver Post, “Denver’s Real Estate Market Could Balance Out for the First Time in 16 Years”. The bi-line on that article said,
“But that doesn’t quite make it a buyer’s market yet. Still, sellers are having to put more effort into making sales.”
A goldilocks market? Maybe. We’re delighted to report that foothills home sellers are selling at reasonable prices in a reasonable period of time and buyers are finding more inventory to select from–not too hot, not too cool.