More than a third of Denver home listings are going "stale"

In Denver, over one-third of home listings are now classified as "stale," remaining unsold for months at a time. Rising inventory and sluggish demand have created a challenging environment for sellers, leaving many listings languishing without buyers. Experts suggest that this trend reflects broader economic conditions, including interest rates and buyer sentiment, which have shifted since the COVID-19 pandemic. Local real estate professionals warn that sellers may have to rethink their strategies, including pricing adjustments, to remain competitive in the market. The situation could have long-term implications for property values in Denver, as prolonged listings can signal declining demand.

Furthermore, the increase in stale listings may affect future housing developments and investment in the area. As sellers grapple with these challenges, the local market dynamics continue to evolve. Buyers may find opportunities as sellers become more motivated to negotiate on price.