May ‘25 Market Update
BOULDER + DENVER market update + statistics + local insights
Micro-Market Mayhem: Why Block-to-Block Behavior Matters More Than Ever
I just walked out of a meeting with one of Denver’s (in my opinion THE) preeminent residential real estate statisticians. Major takeaway = let’s monitor closely, and sit + wait to see how the current dynamics develop. In many ways we’re in uncharted territory. We have either been in a buyer's/extreme buyer’s, or seller's/extreme seller’s market for as long as she’d been tracking stats in Denver. Boulder, has been in a seller, or at the very least seller friendly market for 2+ decades.
We are balancing out, and the yo-yo between buyer and seller favor has us in a market that is slowly finding equilibrium.
In all of the areas I serve inventory is up month-over-month (as it should be this time of year), year-over-year, and prices are eroding ever-so-slightly. April / May is not normally a time of year we see prices go down. The volume of listing activity over the first 4 months of this year has surpassed the demand to absorb it.
Conversely 39% of all single family homes sold in Boulder during April were on the market a week or less, and in Denver just under half (42%) contracted as quickly. That is astounding speed for two markets who are maintaining relatively high sold prices that continue to flirt with records set in 2022/2023.
What gives?
Homes with broad appeal are selling very quickly.Life circumstance will always outweigh “timing the market” for both buyers/sellers, and we are recording more transactions than 2024. The behavior within micro-markets is more pronounced, and truly (especially in Boulder) demand can vary drastically block to block.
Through the summer I am focusing intensely on how we prepare + present listings to compete (and win) against other homes in the neighborhood. I know there will be options for buyers to choose from, and excelling in condition is often the best way to differentiate(it's really the only attribute you can change vs. layout/location).
Because there are options for buyers, the summer playbook looks a bit different. Clients who were previously priced out of certain neighborhoods may no longer be, and the opportunity to capitalize on a larger pool of motivated sellers (and their properties) has never been greater.
As always I look forward to the honor of supporting you, and the people you care about in your real estate journeys, wherever you may find them.
We are very excited to host our first blood drive and would love for any and all of you to participate!
Click the button below to sign up!
As you gear up for summer fun, help hospitals gear up, too. Donations tend to drop this time of year, so your blood donation now means patient care won’t be delayed. In thanks for donating June 1-28, you’ll receive a $10 Rewards gift card, plus the chance to win one of two $10,000 gift cards!* Donor Rewards program opt-in required for $10 gift card.
Reputation:
My motivation, my most important investment, and it is a guarantee that you will have the best real estate experience working with me and my team.
