Ready to Make Your Move?The national forecast says prices will hold. Half of Metro Denver’s sellers have already cut. National forecasters revised their 2026 outlook over the past few weeks. Mortgage rates are now expected to hold in the mid-6s instead of the low 6s, and projected existing-home sales were trimmed from 4.5 million to 4.2 million. The one number they left alone was the price forecast. They still expect home prices to rise nationally this year, on the reasoning that there aren’t enough homes for sale to push prices down. That reasoning doesn’t fit Metro Denver.
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Read the entire Market Update here: https://moreservicelowerfees.com/half-of-metro-denvers-listings-have-cut-their-price/
Read the entire Market Update here: https://moreservicelowerfees.com/half-of-metro-denvers-listings-have-cut-their-price/
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Right now, just under half of every active listing in the metro is sitting with a reduced asking price. Across the seven core counties, 6,472 of 13,161 homes for sale, about 49 percent, have cut their price at least once.
Questions about the Metro Denver real estate market? Contact Tom and David at The Principal Team. Reach us at 720-408-7409.