DENVER — A Nov. 2024 report from the Denver Metro Association of Realtors shows the housing market remains active despite election and economic uncertainties. The report, which was released Wednesday, shows November was a good month to be a buyer in Denver. Of the homes sold, roughly 50% had at least one price reduction before going under contract, and about 60% of sellers provided concessions to buyers. The median amount of time a home was sitting on the market in Denver was 29 days.
Everybody was buying, everybody was doing what they could.''Then you have these people that bought two or three years ago that have a 3% interest rate, then they're going to buy a house and to move up, it's going to triple their payment or more. I mean, depends on the price range, but it's been huge,' Abbey continued.That's the situation Emily Cook and her family found themselves in.