Real estate stats mask deeper seller concessions in Denver area market

On the surface, newly released numbers on the Denver Metro real estate market sound like more of the same — home prices holding their own despite higher interest rates and slower sales. But the underlying data are more revealing.

Latest official statistics from the Denver Metro Association of Realtors are still showing homes selling at more than 98% of their list price within a month of being listed. But other reports are suggesting those numbers convey too optimistic a picture — that listings that fail to sell rapidly are seeing much deeper concessions, averaging almost 8% off the typical price…

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