Labor Day marks the unofficial end of summer and the start of the fall real estate season. The August stats show that Denver is still leading the nation in price cuts. Sellers must have a pricing plan when listing their home for sale. Overpricing typically leads to price cuts and wasted days on market. Values have held stronger than expected, with many sellers opting to stay put.

Buyers, on the other hand, have more time and leverage, and are increasingly submitting offers well below asking. With ample inventory available, savvy buyers recognize they can be patient as the market continues to shift in their favor.

Affordability has become a mainstream concern. Even the White House is weighing whether to declare a housing emergency, exploring ideas such as tariff exclusions for building materials and using federal land for housing.

Today’s 30-year fixed mortgage rate is 6.29%, the lowest since October 2024. Stock markets sit at record highs, gold is racing toward $4,000/oz, and interest rates are easing. However, the labor market is softening, as evidenced by the recent weak jobs report. Rising unemployment has historically correlated with weaker housing prices and may force the Fed’s hand.

Our expertise is invaluable in navigating this market.