Denver Real Estate: What Buyers and Sellers Should Know This Fall

Sep 11

The Denver real estate market saw significant shifts in August, presenting a mix of opportunities and challenges for buyers and sellers alike. With increasing buyer activity, record inventory levels, and extended home-selling timelines, the market is poised for an active fall season. Here’s a closer look at what these trends mean for those considering buying or selling in Denver—and how partnering with an experienced agent and contractor like Jeff Piquette, Principal Owner at Iron Works Realty, can make all the difference.

a woman holds two toddlers and uses an ipad to search real estate listings

Opportunities for Buyers: More Choices and Better Rates

August brought a substantial increase in buyer activity, with 3,877 home contracts executed—a 10% rise from last year and a 6% increase from July. This surge is largely driven by decreasing interest rates, making homeownership more affordable, and a record number of listings, with 10,497 active home listings. For buyers, this means increased opportunities to find a home that suits their needs.

With this elevated inventory, buyers have more power to negotiate on price and terms. However, navigating a large selection of homes requires a discerning eye to identify value and long-term potential, where Jeff Piquette’s expertise as a seasoned agent and contractor comes into play. His background in renovation and construction allows him to help buyers assess a property’s true potential and make informed decisions in a competitive market.

a personal calendar hand drawn in a notebook with "September" written in the header and the days of the week highlighted. A yellow highlighter sits open on top of the book

Challenges for Sellers: Longer Selling Timelines

While buyer activity has risen, sellers face a longer selling timeline, with homes spending a median of 22 days on the market—10 days more than last year. This shift represents a more balanced market, where buyers can take their time before making offers, especially with abundant inventory. Sellers should be prepared to exercise patience and work with an experienced agent to ensure their property stands out.

Jeff Piquette’s dual expertise as a real estate agent and contractor can be an invaluable asset for sellers. By offering insights on strategic renovations or small upgrades, he helps properties appeal to buyers even in a slower-moving market. A well-prepared home can sell faster and at a stronger price, positioning sellers for a smoother transaction in a balanced market.

Price Stability: A Balanced Market with Moderate Pricing

In August, Denver’s median closed home price was $590,000, showing a slight 1% increase from last year but a 2% dip from July. This price stability is good news for both buyers and sellers. Buyers can feel confident that they’re entering a market where prices are less volatile, while sellers can still benefit from Denver’s upward trend in home values over recent years.

Active Rental Market: An Alternative for Both Buyers and Sellers

With 329 rental properties leased in August at a median price of $2,965 (a 2% increase from last year), Denver’s rental market remains robust. A high inventory of rentals—707 active listings—is an advantage for buyers who may want to rent before buying or sellers considering renting out their property as an alternative to selling.

aspen tree trunks with golden aspen leaves on branches in the background.

Looking Ahead: Fall and Holiday Market Insights

As we move through the fall and enter the holiday season, buyers and sellers should anticipate a continuation of balanced market dynamics. Sellers can expect buyer interest to remain strong, but they may also see buyers becoming more discerning. Homes that are well-maintained and priced accurately will continue to attract attention, even if the timeline to close extends.

Why Partnering with Iron Works Realty Matters

Working with an experienced agent and contractor like Jeff brings unique advantages to the current market. Jeff’s 20+ years of experience in both real estate and construction means he can help buyers identify homes with solid investment potential and assist sellers in enhancing their property’s appeal. For those navigating the Denver market this fall, Jeff’s local expertise and commitment to his clients make him an ideal partner to maximize opportunities and mitigate challenges.

Whether you're looking to buy or sell, the right strategy and a knowledgeable partner are essential. Reach out to Jeff to discuss your goals and make the most of Denver’s dynamic market this season.

Jeff Piquette

Jeff is the real estate expert behind Iron Works Realty. As an agent, he works with custom home builders to sell new builds, advises asset managers at US Bank to sell client properties, and works with residents throughout metro Denver to achieve their real estate goals. As a licensed contractor, he has built, renovated, and managed properties for more than 20 years. Today, he is building a family home in Cherry Hills and has a deep understanding of the surrounding neighborhoods and community.