Easing Into Fall

What August’s Numbers Reveal About Denver’s Market

As September settles in and the first hints of fall arrive, Denver’s real estate market is also showing signs of transition. While the data here reflects activity from August, it provides a glimpse of what we can expect as we head toward year-end. Summer’s rhythm has slowed, not in a dramatic way, but in the subtle, steady way the market often shifts with the seasons. Buyers and sellers are still active, but they’re moving with more patience and strategy than in the high-energy months of spring and early summer.

August closed with 13,059 active listings, down 6.69% from July but up 21.77% year-over-year. Historically, we expect a small dip in inventory as summer winds down, and this year followed that pattern — just more sharply than usual. The number of new listings also declined, with 4,686 homes entering the market in August, a 12.48% drop month-over-month and 8.42% decrease year-over-year. Detached homes saw a slightly smaller monthly decline than attached, but both segments are heading into fall with fewer fresh options coming online.

Zillow's latest market report revealed a burgeoning seller retreat in August, as new listings dropped 7.3 percent in one month. However, there are still plenty of opportunities for buyers to make a deal, especially in the South.

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