The Denver market as a whole still has a lack of inventory, and while demand is slowing, it is still in a seller’s market for many of the price points, with the exception being under $299,999 and $1.5 million to $2 million+. Inventory aside, many would-be buyers are in a position where they need to sell their home first before purchasing a new one. As a result, contingent sales, which allow an individual to purchase their next home with the caveat that the purchase is contingent upon the sale of their current home, are on the rise. Sellers are now more willing to accept contingent offers today as they realize the market is shifting, and ultimately, want to sell their homes.
Source: https://www.dmarealtors.com/
