Slower Pace of Sales: Homes are taking longer to sell, with average days on market (DOM) increasing compared to the previous year.
Price Resilience: Despite rising inventory, median and average closed prices remain relatively strong, with modest year-over-year increases.
Seller Shift: Be Prepared for Negotiation: Anticipate that buyers may negotiate on price and request concessions.
Buyer Shift: Buyers are exploring emerging neighborhoods like Barnum and Westwood, potentially offering better value than traditional hotspots like LoHi and Cherry Creek.