According to a recent analysis from Zillow, metro Denver’s housing market is among those that are facing a big cool down.
“It is no surprise that the markets which pushed the bounds of affordability over the housing recovery are now experiencing significant cooling,” Skylar Olsen, Zillow’s director of economic research, said in the report.
The report found that in metro Denver 18 percent of listings took a price cut in January, compared with 11 percent in January 2018. Homes sold for 97 percent of list price in January, compared to 99 percent a year earlier. And homes are taking a week longer to sell: 65 days versus 58 days.
Despite this, metro Denver still remains among the most favorable markets for sellers even as it cools down.
Read about the best time to list your Denver home here.