Denver’s hot October housing market bucks pre-election tradition

Despite concerns buyers would delay home purchases until after the election, metro Denver’s housing market sizzled in October.shows that 23% of first-time buyers plan to wait until after the election to purchase, citing economic uncertainty, potential rate cuts, and candidate policy impacts., homebuyers closed on 3,443 properties last month, up 2.3% from September and an 8% jump from 3,189 in October 2023. Pending sales of 3,578 were up 1% from September and 22% from 2,940 in October 2023.

The median days on market climbed 4% to 26 in October, up from 25 in September and up 63% from 16 days in October 2023.She said the attached and detached markets performed so differently that it was almost like they belonged in separate geographic locations.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Metro Denver housing market heats up in October, despite election jittersMetro Denver’s housing market heated up instead of cooling down last month as buyers defied expectations they would take a wait-and-see approach until the election was over.
Source: denverpost - 🏆 13. / 72 Read more »