For the first time since 2012, Denver’s housing inventory crossed over 11,000 units and reached 3.5 months of supply – signaling a shift toward a more balanced market. Join host Chris Lopez and local experts Jenny Bayless, Jeff White, and Troy Howell as they break down the latest September stats and trends across the Denver-Colorado Springs region.

Inside this episode:

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• Why median home prices dropped 2.5% year-over-year in Denver (and what’s really driving this unexpected change)
  
• How one investor scored an $18,000 seller credit on a duplex purchase by using smart negotiation tactics in today’s market conditions
  
• A surprising 30% reduction in insurance costs on a large apartment complex reveals new opportunities
  
• Breaking news on downtown Colorado Springs’ 32% apartment vacancy rate and what it means for investors
  

Whether you’re planning to buy or sell, this data-packed episode gives you the local insights needed to make informed real estate decisions. Plus, discover why November and December historically offer the best opportunities for buyers in Colorado.

(01:24) September Market Overview

(12:02) Interest Rates and Market Dynamics

(15:15) Duplex Deal and Tips for Buyers

(20:46) Colorado Springs Overbuilding Debate

(26:03) Insurance Costs and Trends

(34:40) Final Thoughts

Nova Home Loans: https://troyhowell.novahomeloans.com

Email Troy Howell: troy.howell@novahomeloans.com

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• LinkedIn: Troy Howell
  

Email Jeff White: Jeff@envisionrea.com

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• LinkedIn: Jeff White
  

Email Jenny Bayless: jenny@envisionrea.com

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• Denver September 2024 Real Estate Market Updates
  
• Colorado Springs & Pueblo September 2024 Real Estate Market Updates
  

For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!

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