Local Pulse ‐ November 2023

mark@5280core.com • 720.257.1541 • 5280core.com
  Market Update | November 2023

Greetings, friends! As winter approaches as the ski slopes start to open, a multitude of thrilling activities awaits you both in and beyond the city. I’ve personally curated some exceptional events for you to enjoy this month.

Now, let’s delve into the current housing market. In November, we’re observing a notable uptick of 1.93% in active homes, offering increased choices for potential buyers. Although home sales have experienced a modest dip of 11.58%, aligning with the usual seasonal trend, prices have stayed stable.

It’s crucial to note that attractively priced properties in top-notch condition continue to draw attention. Some are swiftly securing contracts, and “creme puffs” may receive multiple offers. Staying vigilant in the market, especially if you’re contemplating a move, is a wise strategy. Feel free to reach out if there’s a specific topic you’d like to explore or discuss.

  Local Events | Denver
Denver, known for its outdoorsy culture, is also associated with cannabis and craft beer. Amidst the urban events and outdoor excursions, finding sober activities can be a challenge. Whether you’re cutting back, expecting a new addition, or adopting a cleaner lifestyle, here are 10 ways to have fun in the Mile High City without IPAs.
Click HERE for more information!
Feed The City Denver
Feed The City is a monthly volunteer event at a local venue where people come together to make lunches for those in need. Beyond providing meals, it fosters community spirit and a sense of collective impact, reminding us of the positive change possible when we join forces.
Click HERE for more information!
        Market Insights by DMAR:
  • Buyers are enjoying increased inventory and have become more demanding during inspections. Sellers planning to list their homes this winter may benefit from obtaining a pre-inspection report to address necessary repairs in advance which can help put potential buyer objections into perspective.
  • The General Assembly allocated $1.1 million to Colorado’s Low-Income Radon Mitigation Assistance (LIRMA) Program for the 2023-2024 fiscal year, providing financial aid for homeowners to mitigate radon with income-qualified homes.
  • New home sales soared nationally in September, up 33.9 percent from last
  • While shares in homebuilder stocks have dropped 16 percent since September, builders are still outperforming the broader S&P 500 market, with an 18 percent increase this year.
  • Work-from-home rates have returned to pre-pandemic levels, with fewer than 26 percent of American households having someone work from home at least one day per week. The peak of 2021 saw 37 percent of households.
Real estate questions? Wondering how the market looks at the moment? Just want to say hello? Don’t hesitate to call me – I’d love to chat!
mark@5280core.com • 720.257.1541 • 5280core.com
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