Metro Denver’s housing market has quickly shifted from a strong seller’s market to neutral and could end up solidly in the buyer’s camp by the middle of next year, if not sooner, according to a new index from real estate financial tech firm Knock.
Metro Denver’s housing market has quickly shifted from a strong seller’s market to neutral and could end up solidly in the buyer’s camp by the middle of next year, if not sooner, according to a“Denver is now a neutral market. Prices are getting softer. We think it is headed to a buyer’s market,” said Sean Black, co-founder and CEO of Knock, a New York-based “Power Buyer” that helps consumers make cash offers on homes.
Three overheated and expensive California markets have now fully entered the buyer’s camp — San Diego, San Francisco and San Jose. By July 2023, about 15 of the 100 largest housing markets are projected to favor buyers. Of the top 10 metros most in favor of buyers come next summer, Colorado Springs is expected to rank third and Denver eighth, according to the index.
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