Local Pulse – May 2023

mark@5280core.com • 720.257.1541 • 5280core.com
  Market Update | May 2023
Hello again, Friends! I hope everyone has been enjoying the beautiful (and sometimes unusual) weather here in Colorado. There is plenty to do in and out of the city as Spring rolls into Summer – if you’re not sure what events are in town, I always include a few in each of these emails. I’ve moved the two featured events this month to the top to highlight them.

As for the housing market, inventory rose by 2.3%, which is to be expected, but even with the increase in seasonal inventory the Denver metro is in need of more inventory. April saw 7.91% LESS homes sold than March, though that trend is unlikely to continue as we head into the busiest time of the year.
  Local Events | Denver
Immersive Disney Animation Extended Through August
Surround yourself in the worlds, music, and stories of Disney animation at the Immersive Disney Animation at the Lighthouse Artspace in Denver. A magical interactive experience for the whole family! For tickets and more information, visit HERE.
Explore the World of… Bugs
Precision flight, swarm intelligence, mind control … enter the world of bugs. Marvel at their adaptive genius and see if you can match their brilliance. Will you save the Japanese honeybee hive from an invading hornet? Can you spot the orchid mantis before she spears you for her lunch in the secret garden? Explore the world of bugs at the Denver Museum of Nature & Science today! Tickets and additional info HERE.
Market Insights by DMAR:

Property assessors for nine metro Denver area counties recently announced that property valuations saw double-digit increases in their biannual assessment.
According to a Zillow study, 60 percent of Gen Z home-buyers consider pet-friendly features essential and 48 percent listed a fenced backyard as important to their home search.
Ninety-eight percent of Millennials want to become homeowners if they are not already. The top motivating factor is to build their own equity instead of someone else’s.
Average active listings for April are 14,296 (1985-2022).
Record-high April was 2006 with 29,045 listings and the record-low was set in 2021 with 2,594 listings.
The historical average increase in active listings from March to April is 10.41 percent. This year’s increase of 2.30 percent represents the lowest increase since 2014’s decrease of 0.57 percent.
  Featured Local Business | Denver
Featured this month is The Kaufman Agency. The Kaufman Agency prides itself on being your local, full service, Independent Insurance Agency. From personal lines such as homeowners, auto and liability insurance to commercial lines protecting virtually any type of business, their agents can craft a custom-built policy to suit your needs. Because they are both local and independent, they are able to provide exceptional personalized service and a wide choice of insurance company options, programs and prices. Reach out to Caleb Kaufman at (303) 975-0363 or caleb@kaufmanins.com for more information.
If you’d like your business to be featured in a future Newsletter, give me a call or email!
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! Don’t forget to follow me on social media – click on the links below!
mark@5280core.com • 720.257.1541 • 5280core.com
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