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Denver Metro Home Prices Fall August 2021 Update

What to Expect From Denver's Summer Real Estate Market


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What to Expect From Denver’s Summer Real Estate Market
Experts say this summer could be one of the craziest times to buy a home in recent memory. Cassidy Ritter •  
May 6, 2021
Andrew Guterman has been looking to buy his first home on and off since Thanksgiving 2019. The agent and lead analyst at Atlas Real Estate has submitted eight offers, seven of which were more than the asking price. Yet, he still hasn’t been able to land anything.
The problem, he says, is other buyers are offering significantly more than the list price. “Personally, I want to be optimistic but as an analyst, it’s more difficult for me to be realistic that I’ll find the right thing for the right price,” he says about Denver’s current real estate landscape. ....

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Real Estate: How COVID Made Buying a Home in Colorado Even Harder


COVID-19 Created the Hottest Real Estate Market Denver Has Ever Seen
We spoke to buyers, sellers, and real estate experts about how the pandemic set fire to an already-smoldering market.Elisabeth Kwak-Hefferan •  
Feeding frenzy. Dogfight. Gold rush. Pick your favorite metaphor for the Colorado housing market these days: They all capture the intensity of an era that’s seeing more and more people swarming to buy fewer and fewer available homes, sparking bidding wars and pushing prices to record highs. From the pandemic’s beginning in late winter 2020 up through press time in early April, desperate buyers have been considering raiding their retirement accounts in an attempt to compete with cash offers. Modest homes that would’ve sat on the market for weeks or months in other years have been going under contract within hours of listing. Out-of-staters have been signing contracts before even seeing their new houses in person. And with buyers battling each other, tho ....

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