Colorado remains hot – Real Estate in 2022

Cherry Creek North listings

223 Garfield, Courtesy of LIV Sotheby’s International Realty

With high demand and tight supply, the Denver residential real estate market is thriving. From a seller standpoint, you may experience multiple offers for your home if it’s in perfect condition and listed correctly.   After 17 days, demand will reward those sellers who truly have the mix right for their neighborhood.  As a buyer, the historic low supply of homes will keep your choices limited.   The recent destruction of 1084 homes by the Marshall Fire makes buyer options further limited for at least the next 18 months in the Denver metro area.

On the fence about listing your home?  Time is not going to favor delay.    While wages are firm for buyers, their purchasing power will erode with inflation and with each expected move in interest rates by the Federal Reserve.  As brand new supply enters the market, detached single-family homes will need to be further priced adequately for timely sales.   The seller still remains in control, however.  Unlike during the 2008-9 Financial Crisis, most neighborhoods are experiencing an available supply of only 1 month or less compared to a balanced market of 6 months.   Building costs, labor shortages, and Denver desirability further make the Denver 2022 market a sellers’ market.

Whether a buyer or seller, make sure you have accurate facts to decide on your next residential real estate move.  Zillow’s recent reset on 7000 homes nationally underscores how public data can get the asset values wrong.  Licensed agents, like those at MASONmodern, can work with you to find the right mix for your next purchase.

Author: Mason Hayutin

Founder, Editor and contributing writer, Mr. Mason Hayutin is recognized for his depth of experience and knowledge in technology, energy economics, real estate and the arts (fine and visual). Having worked with recognized world-class artists and their estates since 1997, Mason brings a wealth of practical experiences from installations, marketing, and private sales. An active business advocate, he successfully released the fine art documentary film LUBIE LOVE in 2009 ahead of the global auto crisis - in addition to maintaining his tenure at GALLERY M INC. Hayutin holds a degree in Economics from Washington University in St. Louis. He is the founder of MASONmodern, a boutique real estate firm based in Denver, CO. You can read his insight here at The Art Quarterly as well as in regional and national publications.

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