Colorado Relocation Guide

MONDAY MARKET MINUTE...

☑ September is often a challenging month nationwide to list a home as end-of-summer trips and back-to-school distractions tend to reduce buyer activity, and most sellers and their agents know this. A pre-inspection can help to identify needed repairs and ensure the property makes the strongest impression possible as soon as it hits the market.
☑ Total home sales nationally are now projected to be lower than previously expected for the rest of this year, with meaningful recovery not anticipated until further into 2025, according to new forecasts from Fannie Mae.
☑ Office vacancy in Downtown Denver rose to 33.8% during Q2, marking the highest vacancy rate on record. As of late 2023 the office vacancy rate in downtown Boulder was 29%, and a whopping 42% for the City as a whole. Is the bloom off the rose for the Boulder/Denver area as a corporate destination? Even if that is the case, the area still remains a top destination to relocate to per many
☑ Colorado home sales have definitely slowed down, although inventory remains slightly constrained. Data indicates an increase in the frequency and amount of seller concessions to relieve the pressure buyers still feel with interest rates and insurance premiums.

Need more information? Check out our detailed community and market reports by going to https://www.wkre.com/communities/ and clicking on your area of interest. Don't see what you're looking for? Shoot us a DM and we'll reach out to discuss how we can help!

The seasonal upswing that started in March continued in April across the Denver Metro. This chart reflects data for the following counties - Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson and Park.

These statistics represent general trends in our region, however real estate is hyper LOCAL - a broker associate that lives, offices and works in the areas relevant to your goals is going to be the best source of information! Contact us today to be personally connected to an experienced professional.



Data source: REcolorado

Confused about the real estate news in the media? Any of our trained, experienced, full-time professional broker associates can help explain the "new normal" for our industry that will be going to effect this summer. **No doubt, ALL buyers can benefit from a professional in their corner.