September’s Denver Metro real estate market experienced a seasonal slowdown, with new listings, pending sales, and closed sales declining.
“In many ways, this is the perfect market for first-time homebuyers to seize opportunities,” she said. “While interest rates are high, these buyers can negotiate instead of jumping into bidding wars where they might pay 10 percent over the asking price to secure a property like many did over a year ago.”
“This portion of the market has finally tipped into a balanced — if not a buyer’s — market for the first time in recent memory,” she said.
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