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Holiday Market Moves End-of-Year Opportunities for Buyers, Smart Moves for Sellers   We’re entering the best time of year for savvy buyers to make a move—and no, we’re not talking about holiday shopping. As the end-of-year festivities approach, home buying often takes a back seat for most people, leaving motivated buyers with an edge. With fewer competitors in the market, this season offers some of the best opportunities to negotiate favorable deals.   November brought a whirlwind of market-shaping events, including the presidential election, Federal Reserve updates, and mortgage rates hovering around seven percent. Unsurprisingly, this led to a dip in both pending and closed transactions month-over-month. Meanwhile, new listings dropped sharply in November—40.38 percent for attached homes and 41.90 percent for detached homes—allowing buyers to absorb inventory and reducing active listings by 14.90 percent from October. However, inventory levels remain significantly higher year-over-year, with a 57.08 percent increase in attached homes and a 32.01 percent increase in detached homes, giving buyers more options as we head into the holidays.   Median home prices are holding steady, with detached homes seeing a 1.90 percent year-over-year increase and attached homes dipping slightly by 1.20 percent. Meanwhile, active inventory at the end of November totaled 9,310 properties, with 3,022 closings during the month. For perspective, the average number of active November listings from 1985 to 2023 is 13,521. While far from the record high of 27,530 listings in 2006 or the record low of 2,248 in 2021, these inventory levels provide buyers with opportunities for negotiation while reminding sellers to remain competitive in their pricing and preparation.   Info For Sellers   As the market slows during the holiday season, setting realistic expectations is essential. Many buyers are negotiating hard, requesting concessions to offset higher interest rates, and according to local title companies, contracts are terminating at rates of 30 to 40 percent. If you’re selling now, focus on cleaning, staging, and making repairs to attract serious buyers. For those who can wait, listing in the new year may result in better outcomes as buyer demand typically rebounds post-holiday.   Info for Homebuyers   Now is your moment! With reduced competition, plenty of inventory, and motivated sellers, buyers have the upper hand to negotiate deals and concessions. This window of opportunity won’t last long, as the new year traditionally brings a surge of activity with more buyers re-entering the market, increasing competition. If buying a home is on your 2025 resolution list, acting now could help you secure the right home before the crowd arrives.   Whether buying or selling, the market remains dynamic, and the best decisions are those that align with your personal goals. Partnering with an experienced agent ensures you’re well-positioned to navigate the current opportunities and challenges effectively.     *We use reasonable efforts to include accurate and up-to-date information. The real estate market changes often. We make no guarantees of future real estate performance and assume no liability for any errors of omission in the content.      

Festive December Events Around Town! And a couple early January events…         December 7th: 9NEWS Parade of Lights “This FREE holiday spectacular features more than 40 units including extravagantly illuminated floats, giant helium-filled character balloons, magnificent marching bands, traditional equestrian units, and vibrant cultural displays. And of course, a special appearance by Major Waddles the Penguin and Santa! Catch all the excitement on the 9NEWS Parade of Lights telecast on 9NEWS!” More Info!         Present – December 24th: Cherry Creek North “Your holiday tradition starts here. Experience the joy of the season with Winter Wanderland, a collection of free outdoor events for all to enjoy. Celebrate the season in Cherry Creek North, Denver’s must-see holiday destination featuring a million twinkling lights wrapping more than 600 trees, illuminating the entire neighborhood!” More Info!           December 20th-24th: Cirque Dreams Holidaze “CIRQUE DREAMS HOLIDAZE dazzles with a brilliant and whimsical family holiday spectacular. As the longest-running cirque holiday theatrical event, this annual tradition wraps a Broadway-style production around an infusion of contemporary circus arts. Imaginative and fun for children to seniors and everyone in between, CIRQUE DREAMS HOLIDAZE features a world-renowned cast of performers accompanied by an ensemble of aerial circus acts, sleight-of-hand jugglers, fun-loving skippers, breath-catching acrobatics, and much more!” Tickets & More Info!           From Now to December 29th: Colorado Ballet: The Nutcracker “Colorado Ballet’s The Nutcracker returns to delight audiences of all ages with this timeless tradition that captures the festive spirit of the season, replete with mischievous dancing mice, sweet Sugar Plums, and a symphony of swirling snowflakes.” Get Tickets!                 Present – December 30th: Christmas in Color “Drive through millions of lights perfectly synchronized to holiday music you’ll hear right through your radio. Drive by giant candy canes, snowmen, arched pathways and more. Take your time enjoying this lighting extravaganza – we won’t judge you if you join the kids with your face pressed against the window!” Tickets & More Info!           Present – December 31st: Larimer Lights “Join us at Larimer Square for our holiday celebration, where the season comes alive with dazzling lights and festive decorations. Enjoy live music, unique shopping from local artisans, and seasonal treats from our restaurants. Create lasting memories with family and friends during this enchanting event for all ages!” More Info!             December 31st: New Year’s Eve Fireworks “The sky will once again sparkle over downtown at the close of 2024 with the New Year’s Eve Fireworks. The two 8-minute spectacular fireworks shows will occur at 9 p.m. and midnight. The identical fireworks shows can be seen near the Sheraton Hotel and near the middle of downtown near Curtis St. For the best NYE experience in downtown, book a restaurant reservation before the show and then stay the night at a hotel!”           December 31st: Colorado Avalanche vs Winnipeg Jets “Cheer on the Avalanche when they take on the Winnipeg Jets!” Get Tickets!               Present – January 5th: Zoo Lights “With 80 acres boasting over three million lights, we’re still the one making spirits bright. We’re still your fave for family fun. We’re still the place where tradition stands tall, where romance runs wild—and where our sparkling features spark your brilliant smiles!” Tickets & More Info!           Present – January 12th: Blossoms of Light “Celebrate the holiday season at Blossoms of Light®, a dazzling and ever-changing display of light and color. Consistently lauded as one of the top holiday light shows in the nation, Blossoms of Light is a spectacular celebration that illuminates our York Street location. Wander a mile-long path through immersive, luminous displays that accentuate and highlight our plant collections. A cherished holiday tradition for nearly four decades, Blossoms of Light is constantly evolving to inspire wonder and delight in even the most seasoned visitors. In line with our core value of sustainability, all lights used are LED. Holiday treats and warm drinks will be available for purchase at Offshoots Café and the Hive Garden Bistro.” Get Tickets!           From all of us at the New Era Group… Have a wonderful December!    

  End-of-Year Opportunities for Savvy Buyers   With election results now in and the holiday season quickly approaching, the Denver real estate market is seeing a shift in dynamics that both buyers and sellers should consider. As Thanksgiving and Christmas draw near, activity tends to slow, which has created even more of a “buyer opportunity market.” While it’s not an official buyer’s market, current conditions certainly feel like one, with buyers now enjoying increased leverage.   This seasonal slowdown, combined with election-related distractions, has put buyers in the driver’s seat. Sellers are more open to concessions on price, repairs, and closing costs, creating a favorable environment for buyers ready to act. According to a recent Redfin survey, 23% of first-time buyers planned to wait until after the election due to factors like economic uncertainty and potential Fed rate changes. For those not waiting for the dust to settle, this is an opportune moment to negotiate favorable terms.     In October, active listings reached 10,940, slightly down month-over-month but still a significant 46.22% increase from last year. However, this remains below the long-term October average of 14,478, reflecting that inventory is still tight compared to historical norms. New listings decreased to 4,691, with some sellers choosing to hold off until spring when prices traditionally peak.   The average close price rose 4.93% month-over-month to $708,072, and the median price rose 4.34% to $599,975. Compared to last year, these are modest increases, with both the average and median close prices up around 3.5%. The market has cooled from its pandemic highs, but prices remain resilient.   Info for Home Sellers   Sellers should adjust their pricing strategies based on recent activity. With homes taking longer to sell, pricing accurately and competitively is essential. Looking at data from the last 30 to 45 days, rather than older figures, will provide sellers with a better understanding of current buyer expectations. Overpricing can lead to extended days on market, multiple price reductions, and the risk of deterring potential buyers.   Info for Home Buyers   For buyers, this season represents a unique opportunity. Homes that stay on the market through the holidays are often listed by motivated sellers, leading to potential deals. With fewer buyers active right now, there’s less competition and more room for negotiation. Historically, prices stabilize post-election, and waiting until spring could mean missing out on these favorable conditions.   While some may wait until after the holidays, both buyers and sellers should remember that trying to time the market is challenging. The best moves are those aligned with your personal goals and timing. As always, working with a knowledgeable agent will help you navigate these dynamics and make the most of current opportunities.       *We use reasonable efforts to include accurate and up-to-date information. The real estate market changes often. We make no guarantees of future real estate performance and assume no liability for any errors of omission in the content.      

November Events Around Town! And a couple early December events…       Through November 10th: Denver Arts Week “Denver Arts Week kicks off Friday, November 1 and will run through Sunday, November 10. Now in its 18th year, Denver Arts Week is a ten-day celebration of all things arts & culture in The Mile High City. The program promotes all arts and cultural genres including visual arts, performing arts, film and literature, music and more.” More Info!           Through November 2nd: Magic of the Jack O’Lanterns “Presented and produced by The Thirteenth Floor Entertainment Group, Magic of the Jack O’Lanterns will delight adults and children alike under a magnificent glow of 7,000 hand-carved pumpkins and larger-than-life pumpkin displays. A magical carnival, a nautical sea-scape, pirate ship, dinosaurs, and dragons will illuminate the grounds of Hudson Gardens in a soft, inviting glow where you’ll find magic around every corner.” Tickets & More Info!             Through November 3rd: Elitch Garden’s Fright Fest “Fun By Day, Fright By Night. Take a trip to Elitch Gardens this holiday season to Colorado’s LARGEST Halloween event! From 12:00pm to 6:00pm, kiddos can enjoy FREE candy, participate in Halloween-themed challenges, and play on their favorite theme park rides. After 6:00pm, the Fright By Night begins. Guests can enjoy all their favorite theme park rides in the dark, dare to enter the haunted houses, and watch their back for the nightmarish creatures lurking around every corner.” Tickets & More Info!           November 1st-10th: The 47th Denver Film Festival  “The largest film festival in the region is back: Full of groundbreaking cultural events, creative and inspiring conversations and showcasing over 200 films across 10 days, the 2024 Denver Film Festival is bound to be one for the books! Secure your passes and ticket packs to get the most out of Denver’s biggest celebration of film.” Tickets & More Info!           November 9th: Denver Veterans Day Parade & Festival “The Denver Veterans Day Parade is comprised of local Veterans organizations and supporters. Thousands of spectators line City Park to show respect and honor for our local Veterans. Please join the community in the appreciation of our Veterans and support this important cause.” More Info!             November 9th-17th: Denver Fashion Week “Welcome to the most anticipated event of the year – Denver Fashion Week! Renowned as Colorado’s premier fashion extravaganza which captured the attention of industry giants like Forbes Magazine and ELLE. Denver Fashion Week (DFW) is Colorado’s largest fashion showcase featuring emerging designers, local boutiques, national brands, hairstylists, makeup artists, and models. DFW prides itself on being all-inclusive, uplifting, and supportive of emerging talent.” Get Tickets!             November 21st-February 2nd: Downtown Denver Rink “Downtown’s Destination for Fun This Winter. The Downtown Denver Partnership proudly invites you and your family to join us at the Downtown Denver Rink presented by Southwest Airlines – Downtown’s destination for fun this winter.” More Info!                 November 22nd- December 23rd: Denver Christkindlmarket “A winter wonderland awaits you at the Denver Christkindlmarket. Located at Denver Civic Center Park, this authentic German-style holiday market hosts both local and European, craft & food vendors, entertainers for everyone to enjoy. The Denver Christkindlmarket is a must-see holiday experience that is free and open to the public.” More Info!             November 28th: Mile High United Way Turkey Trot “Don’t Miss Join Denver’s Greatest Thanksgiving Day Tradition! Make the Mile High United Way Turkey Trot a part of your Thanksgiving tradition. Join Mile High United Way on Thanksgiving morning for our annual 4-mile walk/run and community celebration. The event is one of the biggest Turkey Trots in the country. This event is for adults, families and furry friends alike, featuring a 1-mile Lil Gobbler Fun Run, Kids Zone, Great Divide Beer Garden and more! Your registration also includes a collectible 2024 Turkey Trot T-shirt, race bib and free digital photos. Register today!” Registration & More Info!               November 29th: Grand Illumination “Join Denver Union Station for their annual lighting ceremony of the building’s outdoor 40-foot-tall Christmas tree featuring more than 7,000-holiday lights. The tree lighting ceremony will begin promptly at 6:10 PM.  Featuring live music, a craft fair, pictures with Santa and Mrs. Claus, balloon artists, holiday drinks specials and more!!” More Info!               November 30th-December 29th: Colorado Ballet: The Nutcracker “Colorado Ballet’s The Nutcracker returns to delight audiences of all ages with this timeless tradition that captures the festive spirit of the season, replete with mischievous dancing mice, sweet Sugar Plums, and a symphony of swirling snowflakes.” Get Tickets!                 December 7th: 9NEWS Parade of Lights “This FREE holiday spectacular features more than 40 units including extravagantly illuminated floats, giant helium-filled character balloons, magnificent marching bands, traditional equestrian units, and vibrant cultural displays. And of course, a special appearance by Major Waddles the Penguin and Santa! Catch all the excitement on the 9NEWS Parade of Lights telecast on 9NEWS!” More Info!           Have a great November!    

  Why Trying to Time the Denver Real Estate Market is a Fool’s Errand   If you’ve been holding off on buying or selling a home in the Denver metro area because you’re waiting for the “perfect time,” it’s time to rethink your strategy. Trying to time the market is a gamble that even the pros can’t win consistently. The reality is that no one can predict when prices will hit rock bottom or peak. Instead, the smartest real estate moves are made when they align with your goals and personal situation—not by chasing market trends. Whether you’re upsizing, downsizing, or just looking for a change, now may be the right time to make your move. In the Denver metro, we’ve seen a slight dip in home prices, with the average close price dropping 2.47% from $689,616 in September of last year, to $672,600 in September of this year. Meanwhile, the average days a home stays on the market increased by 5.41% from 37 days to 39 days. New listings have remained stable at 5,053, while pending sales have increased by 3.64%, reaching 3,761. Active listings have grown slightly by 3.65% to 11,115 month-over-month— but a notable 45.69% year-over-year rise.   To put that into perspective, the average number of active listings for September between 1985 and 2021 was 15,253. The record-high was 31,450 listings in 2006, and the record-low was 3,971 in 2021. Historically, listings have increased by an average of 0.74% from August to September, so this year’s 3.65% jump shows a strong late-season inventory growth.   Months of inventory, which measures how long it would take to sell all available properties if no new listings came on the market, has been steadily increasing. In May, there were 2.18 months of inventory, rising to 3.6 months by September. While still below Denver’s balanced market range of 4 to 6 months, this shift marks a significant change from recent years. It’s a stark contrast to the pandemic frenzy, when inventory dropped below one month, fueling an intense seller’s market.   Info for Sellers   Homes are now spending more time on the market, often requiring price reductions before finding a buyer. Buyer demand has tapered off due to higher interest rates and, to some extent, the upcoming presidential election. Many buyers are waiting for the perfect home and are less willing to compromise, especially when they’re paying more in interest. When buyers do find the right property, they’re quick to negotiate—even if the home is newly listed. Sellers need to recognize that the market is taking longer to absorb inventory, and this trend may continue as we approach the election and the holiday season. Some sellers are choosing to wait until spring, aiming to list during what is traditionally the peak selling season for the Denver metro area, a time when home prices tend to reach their highest for the year.   Info for Buyers   On the other hand, buyers who wait for the election to pass or the holiday season to wrap up may miss out on prime opportunities. Historically, home prices tend to rise after an election cycle. If you’re waiting for the perfect time to buy, you could find yourself regretting not making a move while the current inventory and pricing are more favorable.   Whether you’re buying or selling, trying to time the market is risky and rarely yields the perfect result. Real estate decisions should be based on your own needs and circumstances, not the fluctuating market trends. The best move is to work with the right agent, stay informed, and act when it’s right for you—not when you think the market has hit its peak.     *We use reasonable efforts to include accurate and up-to-date information. The real estate market changes often. We make no guarantees of future real estate performance and assume no liability for any errors of omission in the content.      

  October Events Around Town! And a couple early November events…     Present – November 2nd: Magic of the Jack O’Lanterns “Presented and produced by The Thirteenth Floor Entertainment Group, Magic of the Jack O’Lanterns will delight adults and children alike under a magnificent glow of 7,000 hand-carved pumpkins and larger-than-life pumpkin displays. A magical carnival, a nautical sea-scape, pirate ship, dinosaurs, and dragons will illuminate the grounds of Hudson Gardens in a soft, inviting glow where you’ll find magic around every corner.” Tickets & More Info!           Present – November 3rd: Elitch Garden’s Fright Fest “Fun By Day, Fright By Night. Take a trip to Elitch Gardens this holiday season to Colorado’s LARGEST Halloween event! From 12:00pm to 6:00pm, kiddos can enjoy FREE candy, participate in Halloween-themed challenges, and play on their favorite theme park rides. After 6:00pm, the Fright By Night begins. Guests can enjoy all their favorite theme park rides in the dark, dare to enter the haunted houses, and watch their back for the nightmarish creatures lurking around every corner.” Tickets & More Info!           October 10th-12th: The Great American Beer Festival “The Great American Beer Festival represents the largest collection of U.S. beer ever served, in the format of a public tasting event plus a privately judged competition. Dubbed by Thrillist as “The One Beer Festival You Must Go to Before You Die,” GABF has topped beer lovers’ bucket lists since 1982 and unites beer lovers and brewers from all corners of the country to celebrate the nation’s ever-growing craft beer culture.” Tickets & More Info!           October 11th-14th: Ringling Bros & Barnum & Bailey: The Greatest Show On Earth “Get ready for The Greatest Show On Earth®! The reimagined Ringling Bros. and Barnum & Bailey® invites Children Of All Ages® to a spectacle of superhuman feats, pushing the limits of possibility and thrilling families and fans of all generations.” Get Tickets!             October 12th: Colorado Avalanche vs Columbus Blue Jackets “Cheer on the Avalanche when they take on the Columbus Blue Jackets in their first home game!” Get Tickets!                October 12th-13th: Pumpkin Harvest Festival “Pick out the perfect pumpkin or unique local treasure in the marketplace, catch some live music and performances on the Autumn Harvest Community Stage, and dine on seasonal favorites like apple cider donuts for an unforgettable day at Four Mile Historic Park.” Tickets & More Info!           October 16th-November 24th: Hamilton  “A revolutionary story of passion, unstoppable ambition, and the dawn of a new nation. HAMILTON is the epic saga that follows the rise of Founding Father Alexander Hamilton as he fights for honor, love, and a legacy that would shape the course of a nation. Based on Ron Chernow’s acclaimed biography and set to a score that blends hip-hop, jazz, R&B, and Broadway, HAMILTON has had a profound impact on culture, politics, and education.” Get Tickets!           October 24th: Denver Nuggets vs Oklahoma City Thunder “Come cheer on the Nuggets!” Get Tickets!                   November 1st-10th: The 47th Denver Film Festival  “The largest film festival in the region is back: Full of groundbreaking cultural events, creative and inspiring conversations and showcasing over 200 films across 10 days, the 2024 Denver Film Festival is bound to be one for the books! Secure your passes and ticket packs to get the most out of Denver’s biggest celebration of film.” Tickets & More Info!           November 9th: Denver Veterans Day Parade & Festival “The Denver Veterans Day Parade is comprised of local Veterans organizations and supporters. Thousands of spectators line City Park to show respect and honor for our local Veterans. Please join the community in the appreciation of our Veterans and support this important cause.” More Info!               Have an amazing October!    

Shifting Seasons August’s Market Trends and What to Expect This Fall in Denver Real Estate   As summer draws to a close, Denver’s real estate market transitions into its fall rhythm. Historically, September brings challenges for sellers, as end-of-summer trips and back-to-school activities often slow buyer activity. However, this year’s market data reveals a more complex picture, with key indicators highlighting both opportunities and necessary adjustments for buyers and sellers alike. Let’s dive into how August shaped Denver’s real estate market and the trends to watch as we move into the fall season.   August experienced a slight dip in new listings, down 0.76% month-over-month, while active listings increased to 10,724 homes, marking a significant 56.37% increase from last year. For context, the average number of active listings in August over the years is 15,439, with historical highs and lows ranging from 31,664 listings in 2006 to a record low of 3,582 in 2021. This year’s slight decrease in active listings, down 1.32% from July, aligns with the typical seasonal trend where listings usually drop by 1.29% between these two months. Pending sales showed positive momentum, rising by 3.74% from July and 7.7% year-over-year, indicating that more buyers are re-entering the market as mortgage rates decrease. Conversely, closed sales fell by 7.55% month-over-month, but this figure is expected to rebound soon due to the 30-day closing lag.     The attached homes segment saw the most pronounced swings in data. Rising HOA dues, increased taxes, and higher insurance premiums have made transactions more challenging. Active listings remained relatively stable with a 0.40% month-over-month increase but surged by 70.92% year-over-year. Median days on the market increased by 136.36% compared to last year, now at 26 days. Additionally, the median close price in this segment dropped to $396,350, down from $415,000 in July and $418,000 a year ago.   By contrast, the detached housing market showed more stability. Active listings increased by 50.85% from this time last year, while new listings saw a slight decline of 0.99% from July to August. Pending sales rose to 2,836 homes, reflecting continued buyer interest. The median close price remained steady at $650,500, showing only a slight decrease of 0.69% from July and a marginal increase of 0.08% compared to last year. Median days on the market edged up to 19 days.   Overall, the current Denver real estate market is characterized by cautious behavior from both buyers and sellers, with limited urgency driving transactions. Buyers are closely monitoring listings but are hesitant to make offers unless a home matches their criteria perfectly. This has led to an increase in contracts falling through, attributed to factors such as contingent offers, lending challenges, and sellers’ reluctance to negotiate on inspection items. With the Federal Reserve’s September 17-18 meeting approaching, the market is keeping a close watch on interest rates, inflation, and broader economic updates, which could significantly shape real estate activity through the end of the year.     Info for Sellers   As Colorado home sales slow, seller concessions are becoming increasingly common. Over half of all statewide transactions this summer included incentives to attract buyers. With interest rates and insurance premiums making buyers more cautious, sellers must stand out in the market. Offering concessions to cover closing costs or making necessary repairs can help close a deal in this climate.   September has traditionally been a challenging month for home sales, as distractions like vacations and back-to-school events often decrease buyer activity. Sellers should consider investing in pre-inspections and addressing needed repairs before listing. Presenting a move-in-ready home will likely capture more attention and lead to a successful sale.     Info for Buyers   A notable 10% year-over-year increase in pending sales of starter homes in July signals that first-time buyers are capitalizing on the slower market. While waiting for the perfect moment may be tempting, it’s crucial not to rely on the hope of significantly lower mortgage rates. Forecasts for 2024 suggest rates will hover around 6.4% to 6.5%, with the current (at time of writing) 30-year fixed rate at 6.43%. Substantial drops in rates are unlikely in the near term.   Instead of waiting, now is a great time to focus on preparing for homeownership. Get clear on your goals and what kind of home best fits your needs. If you do choose to wait, use this period wisely by improving your credit, saving for a down payment, and budgeting to ensure you’re financially ready when the time is right. Buying real estate can be a powerful step toward financial stability, security, and long-term flexibility.   Whether you’re buying or selling, the Denver real estate market is filled with both challenges and opportunities this fall. Buyers should focus on preparation, while sellers can boost their chances by making their homes stand out. Stay informed and take proactive steps to navigate the shifting market effectively.     *We use reasonable efforts to include accurate and up-to-date information. The real estate market changes often. We make no guarantees of future real estate performance and assume no liability for any errors of omission in the content.      

September Events Around Town! And a couple early October events…     September 4th-7th: Denver Food and Wine Festival “The Denver Food + Wine Festival is a multi-day extravaganza of food, wine, and spirits events presented by the Colorado Restaurant Foundation and Southern Glazer’s Wine & Spirits. This annual event benefits the Colorado Restaurant Foundation, which supports worker education, training, and Colorado ProStart®, the state’s high school culinary and entrepreneurship program; mental health and wellness resources; and the Angel Relief Fund, which provides grants for hospitality employees experiencing hardship. Festival events feature the best of metro Denver’s restaurant community, the finest wine and spirits, educational seminars, and the culminating signature Grand Tasting.” Tickets & More Info!           September 13th-15th: 2024 Colorado Fall Home Show “The Colorado Fall Home Show, Sept. 13-15, 2024 transforming the Colorado Convention Center into a marketplace of home renovation ideas, interior design, remodeling, sustainable living, trends and products. The show features: The Colorado Fall Home Show features more than 200 home improvement companies offering tips, advice and the expertise for your home design and remodeling projects!” Get Tickets!           September 13th-15th: Denver Jazz Festival “The Denver Jazz Festival is three nights of world-class live music held in the Mile High City, Denver Colorado, and hosted by CMDance and the Denver Arts Venues. Our one-of-a-kind vintage music festival focuses primarily on vintage jazz and blues of the 1920’s, 1930’s & 1940’s. Social dancing, performances, theme nights, contests, and more! The venue features a spacious dance floor, full cash bar, and there are workshops and lectures available from internationally renowned instructors during the daytime hours through our sister events Lindy on the Rocks & Hot Night Fusion Weekend.” More Info!           September 15th: Denver Broncos vs. Pittsburgh Steelers “Cheer on the Denver Broncos as they take on the Pittsburgh Steelers!” Get Tickets!               September 20th-29th: Denver Oktoberfest “Denver Oktoberfest has been a staple two weekend festival in Downtown Denver since 1969. From keg bowling to stein hoisting, live music and more, there’s something here for Oktoberfest pro’s and first timer’s. So grab your stein, throw on your lederhosen and join us!” More Info!           September 20th-November 2nd: Magic of the Jack O’Lanterns “Presented and produced by The Thirteenth Floor Entertainment Group, Magic of the Jack O’Lanterns will delight adults and children alike under a magnificent glow of 7,000 hand-carved pumpkins and larger-than-life pumpkin displays. A magical carnival, a nautical sea-scape, pirate ship, dinosaurs, and dragons will illuminate the grounds of Hudson Gardens in a soft, inviting glow where you’ll find magic around every corner.” Tickets & More Info!             October 4th-5th: Rodeo All-Star Weekend “The stars of rodeo return to Denver for the ultimate pro rodeo competition, Rodeo All-Star. This year’s Rodeo All-Star Concert, presented by Mountain Dew. Fans with a Friday night rodeo ticket will enjoy the country concert for free. Established in 2013 as the all-star event for rodeo athletes, the weekend includes three professional rodeo performances jam-packed with bronc riding, barrel racing, bull riding and fan-favorite, Mutton Bustin’ presented by Cash Cowboys. in concert, a special lunch with rodeo champions, and two post-rodeo after parties. Rodeo All-Star attracts top rodeo athletes from around the world.” Tickets & More Info!           October 10th-12th: The Great American Beer Festival “The Great American Beer Festival represents the largest collection of U.S. beer ever served, in the format of a public tasting event plus a privately judged competition. Dubbed by Thrillist as “The One Beer Festival You Must Go to Before You Die,” GABF has topped beer lovers’ bucket lists since 1982 and unites beer lovers and brewers from all corners of the country to celebrate the nation’s ever-growing craft beer culture.” Tickets & More Info!           October 11th-14th: Ringling Bros & Barnum & Bailey: The Greatest Show On Earth “Get ready for The Greatest Show On Earth®! The reimagined Ringling Bros. and Barnum & Bailey® invites Children Of All Ages® to a spectacle of superhuman feats, pushing the limits of possibility and thrilling families and fans of all generations.” Get Tickets!           Have a superb September! and October!    

Unpredictable Trends & Shifting Dynamics Amid Seasonal Slowdown   July is the time of year when we historically see the Denver real estate market slowdown. With kids out of school, people on vacation, and others enjoying the city’s warm weather and outdoor activities, real estate transactions often take a back seat. However, this year, the market has been as unpredictable as Denver’s weather. As the saying goes, if you don’t like the weather, wait five minutes—a sentiment that seems equally applicable to the housing market. Sellers may need to exercise patience, as even amazing properties can sit on the market, while less remarkable homes sell quickly, leaving many scratching their heads.      Many local real estate agents feel we are transitioning into a buyer’s market. This shift is difficult to define, as the pandemic has upended our traditional understanding of what constitutes a seller’s market versus a buyer’s market. Statistics suggest we are moving toward a balanced market (4-6 months of inventory), with 2.86 months of inventory steadily increasing throughout the year. However, in certain price ranges and neighborhoods, the market has clearly become a buyer’s market due to a wide variety of options. It’s important to remember that real estate is hyperlocal, and many factors can influence each home for sale. Beyond the usual aspects like location, size, and condition, factors such as interest rates and the size of the buyer pool can make one home a hot commodity while another sees less interest.   Active listings rose 3.62 percent month over month and an impressive 68.03 percent year over year, reaching 10,584. Year to date, active listings have increased between 44 percent and 161 percent compared to the previous three years. However, to put this in perspective, the average number of active listings for July from 1985 to 2023 is 15,502. The record high for July was in 2006, with 31,989 listings, and the record low was in 2021, with just 4,056 listings. Historically, the average increase in active listings from June to July is 5.41 percent. This July’s 3.62 percent increase suggests a slower-than-expected rise, indicating that our seasonal inventory peak may be approaching. Meanwhile, pending sales remained relatively steady with a slight 0.18 percent decrease to 3,896, and closed sales dropped by 5.19 percent to 3,708.     Info for Sellers   Buyers are becoming increasingly practical and discerning, appreciating improvements and upgrades related to energy, water, and space efficiency. In July, many buyers found their dream homes and negotiated fair purchase contracts, as sellers felt the pressure of longer days on the market. With rising inventory levels, buyers have been able to negotiate more favorable deals, resulting in the lowest close-price-to-list-price ratio seen year-to-date since July 2020. Sellers now is the time to highlight the unique features and upgrades of your property and price it competitively to attract discerning buyers. Don’t miss the opportunity to stand out in this shifting market!     Info for Buyers   As the summer selling season winds down in August, the changing marketplace provides an ideal opportunity for buyers. With increased leverage in negotiations, this period offers a prime chance to find a new home before prices potentially rise again. If you’re in the market, now is the time to act—take advantage of the favorable conditions and secure the best deal on your new home!   The anticipation of a potential rate cut in September is influencing both sellers and buyers. Buyers are waiting on the sidelines, hoping to capitalize on lower rates, while sellers are holding off on adjusting prices, expecting the market to “improve” once rates drop. This cautious optimism from both sides is shaping the current dynamics, as everyone waits to see how the market will respond to the anticipated change.     *We use reasonable efforts to include accurate and up-to-date information. The real estate market changes often. We make no guarantees of future real estate performance and assume no liability for any errors of omission in the content.