With only 2.9 months of inventory, Denver remains a seller's market. Home prices have increased 2.9% in the past month alone. With 2.9 months of supply, Denver's inventory levels remain relatively tight. Homes are taking about 19 days to sell, which is 5 days longer than this time last year. A significant 51.6% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 27.2% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Denver market with the affordability index at 6.2. Based on current market indicators, home prices in Denver are projected to decrease by approximately 25.7% over the next month.
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