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As your trusted real estate advisors we strive to bring you timely information that may impact your real estate assets and goals. The information in this email is no exception. 

If you’ve been watching our market update videos over the past couple of months, we’ve been alluding to the fact that the real estate market in the Denver Metro Area has likely crested for the year, as it tends to in the springtime each year. Following that crest, home values have come down some. We commonly refer to that trend as a seasonal retraction. As additional statistics become available to us we’re starting to more fully understand the trend.

An article was published just this week by the Denver Metro Association of Realtors (DMAR) that we felt was important to convey to you as you consider your real estate assets and aspirations. For clarity, we’ve provided that article in its entirety below.

DMAR's September Market Trends Report

Housing inventory in the residential market hit a four-year high year to date in August with a total of 8,228 homes on the market, up 11.79 percent from last year.

"Over the past four years, we’ve experienced the strongest sellers’ market in recorded history," said Steve Danyliw, Chairman of the DMAR Market Trends Committee and Metro Denver REALTOR®. "This past month, we saw available homes for sale increase to the highest level in four years giving buyers more homes to choose from."

While conditions continue to favor the seller, subtle shifts in the metro-Denver real estate market signal a slowdown in the rate of price growth and an increase in days on market, according to Danyliw.

He adds, "Even though buyers have something to smile about, market conditions still favor the home seller and the next few months should see increased activity as buyers try to find a home for the holidays."”