DENVER — Experts said Denver’s housing prices are down about 4 percent this fall, part of a seasonal market compression customary for this time of year.
Kelly Moye with the Colorado Association of REALTORS® said Denver’s housing market goes through a compression every fall. She said properties sell quickly from January through late June and then slow in July and August.
“July and August may as well be Christmastime around here, because it’s very slow,” said Moye.
As a result, Moye said sellers drop their prices to sell in the fall.
“When you see reduced prices, that’s where the statistic of the 4 percent decline comes from,” said Moye.
While the fall can be a great time for buyers to purchase homes, Moye said it does not mean this has turned into a buyers’ market.
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Colorado Association of REALTORS