Is It Summer, Yet? 

Is It Summer, Yet? 

We are excited to publish our Market Insights for April 2023! Please, use the link below to access our latest report:

Blue Pebble Market Insights (April 2023)

For those who just want “The Skim:”

1.   A Marco Lull
2.   Demand: Starting as Expected
3.   Supply: Mispriced 

The unofficial start to the summer buying season is March because it’s the first month when a buyer could go under contract and realistically achieve a summer move. From here, we expect a pick-up in demand through the end of July in which prices historically accelerate rapidly. Given that mortgage rates are back above seven percent, and the average price of a sold home in the Denver metro is up over 40% since 2019, it will be interesting to see if we get the same price action over the next few months. We believe the market will hit a high plateau in which low supply keeps prices elevated and the average person feels pricing is very expensive. Indeed, we believe that we are approaching that point quickly as last month was the first month (outside of May 2020…) when the average price of a sold home in Denver was down year-over-year in over eight years. This is significant because the average list price of a home is up 11% as of the end of the month – something will definitely have to give.

— Jared, Founder & Owner, Blue Pebble Group

We know there is a lot going on right now, and I am here to help you with any questions you have. Are you or someone you know experiencing a stressful real estate transaction?
Call me TODAY so we can get you on the right track! 

PS — We are able to offer competitive pricing and discounts on your transaction by way of our affiliated companies.
Copyright © 2021 – Blue Pebble Homes, All rights reserved.
Blue Pebble Homes is a real estate sales team with Keller Williams Realty Downtown. LLC.
All Keller Williams offices are independently owned and operated. 

(720) 526-2583

Mailing address:
917 Auraria Parkway
Denver, CO 80204

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