The Q4 2023 + Year-End Market Report

driving growth in Denver + Douglas County, CO.

This past year was a lesson in creativity and navigation as the Denver real-estate market balanced and created increased competition between buyers and sellers alike. Matt & Tina Tomlan adapted to these swift market shifts with innovative approaches that allowed us to grow our market share while the industry as a whole either plateaued or dipped slightly below the average. 

Colorado’s real estate outlook — q4 2023 

Since Q3 2023, buyers have seen a gentle reprieve from the heated summer and fall months with increased inventory and days on market across the board, but with luxury real estate prices hovering slightly above last quarter’s average, Q4 was still a competitive time to seek a new home in Denver & the surrounding areas. As we shift into a new year, buyers may wish to revisit their offer and negotiation strategies with the help of an informed and savvy broker.   

Like buyers, sellers may have to adapt their market strategies to stand out amongst increased levels of available inventory In Denver & Douglas County. Since last quarter, the days that homes priced above $2M spent on the market increased by 21.40%, while the Luxury Market and Premier Market saw a 41.33% and 34.09% increase, respectively. 

buying and selling real estate in Denver 

Year over year, one constant has remained the same: buyers and sellers alike can find success in the competitive Colorado market with a combination of informed adaptability and the help of a skilled real estate broker. When compared to last year, Denver Metro home prices have hovered at or slightly above the average even though rates shifted between 6.48% and 7.79% throughout 2023. This indicates that buyers are still willing to compete for homes in the Centennial State; though sellers may need to highlight the remarkable features and the iconic value of their homes to stand out in the market.   

To discover our previous marketing reports, visit our Quarterly Market Report page.

Interested in learning more about the Real estate in Parker, CO. and the surrounding communities? Contact Matt or Tina today. Our years of expertise and dedication working in the Denver & Douglas County neighborhoods will help ease the process of finding the perfect piece of Douglas County Real-estate or luxury real estate in Denver's competitive real estate market!