Price Adjustments in Denver Market

Over the last month as a whole we saw a large number of price adjustments compared to previous months in the Denver market. The trends seem to be that the market is adjusting some and level out a bit. As a buyers agent I am seeing the existing home inventory leveling out and the over priced homes are adjusting, however new construction homes are still aggressively priced. Something I share with my buyers is to compare the two different products when looking at value. In many cases it may take months for the new builders to adjust to the market as they are working on emotional buying habits of buyers. Maybe a new build is still perfect for someone but I like to educate my buyers so they can make the best decision for themselves.