Downtown Denver Condos Right Now: Real Talk, and Real Opportunity
Downtown Denver Condo Update Real talk, and real opportunity HOAs, insurance, pricing, and how buyers and sellers can still win this fall. Happy Saturday! If you've been watching downtown Denver condos lately, you've probably noticed the conversation has changed. Fewer bidding wars, more questions about dues and insurance, and a lot of "should I just wait?" Let's walk through what's really going on, in plain language, and what you can do about it. 1. Condos and houses are playing by different rules The Denver Metro Association of REALTORS (DMAR) reported 4.76 months of inventory across the metro in September, but 7.21 months for condos and townhomes. Four to six months is generally considered balanced, so attached homes have moved past balanced and into buyer-leaning territory. The September condo and townhome median was $365,500, down 6.28% from a year ago. The Colorado Association of REALTORS paints a similar picture for the seven-county metro: 6.4 ...