“Prices dropped slightly, both average and median, but that is not reflective of our current market but rather 90 days ago,” commented Andrew Abrams, Chair of the DMAR Market Trends Committee and Metro Denver Realtor®. “Based on the historic low inventory and current market demand, prices will likely skyrocket in the next three months. With the low inventory and competition, we are expecting prices to greatly increase in the first half of this year. Creativity in writing offers has been instrumental for a successful outcome. While many buyers grow frustrated through the process, leading to potential burnout, I want to emphasize that there are still diamonds in the rough.”
Source: https://www.dmarealtors.com/
