June Real Estate Madness in Denver: How to Win as a Buyer or Seller!

June Real Estate Madness in Denver: How to Win as a Buyer or Seller!

By: Adam Gillespie

What up!

June is here, and it's a hot month for real estate. Whether you're looking to buy or sell, here's the lowdown on what to expect in the Denver Metro Area this month.

If You’re Buying This June

June is a prime time for homebuyers, especially those with kids wanting to move before the new school year. Expect more buyers in the market, which means competition is heating up. But don’t sweat it—more sellers are also listing their homes now, giving you more options to choose from.

Bankrate puts it like this:

“Late spring and early summer are the busiest and most competitive time of year for the real estate market. There’s usually more inventory listed for sale than other times of year . . . This is a double-edged sword for a buyer, as you will be met with more opportunities but [also] much more competition.”

Navigating this busy season means you need a solid agent on your side. I’m here to keep you updated on the latest listings, guide you through making strong offers, and help you understand the true value of homes so you can make smart decisions. Forbes has it right:

“Approaching the market confidently, armed with good information and grounded expectations will take you far. Don’t let the hustle of the market convince you to buy something that’s not in your budget, or not right for your lifestyle.”

If You’re Selling This June

Denver sellers, this is your time to shine. With an influx of motivated buyers looking to settle before school starts, your well-presented, market-priced home could sell faster and potentially for more money.

The National Association of Realtors (NAR) notes:

“Warmer weather and the end of the school year encourage more people to buy and sell, respectively. Buyers are looking to move and settle before the new school year begins, contributing to increased competition and, consequently, higher prices.”

Make sure you’ve got a top-notch agent to help you sift through offers and handle negotiations. Flexibility with closing dates can be a big advantage, as buyers may need to adjust their timeline to match the school calendar. U.S. News Real Estate explains:

“. . . if your house goes under contract in early summer, the buyer may ask for a delay in closing or move-in until the school year finishes or their current home has sold. Alternatively, a buyer later in summer may be looking to close quickly and move in under a month. Remain flexible to keep the deal running smoothly, and your buyer may be willing to throw in concessions, like covering some of your closing costs or overlooking the old roof.”

Denver Market Stats for June 2024

As of June 2024, the median home price in the Denver Metro Area is $600,000, marking a 4% increase from last year. Active listings are up by 10%, giving buyers more options. Homes are selling faster, averaging just 25 days on the market, compared to 30 days last year.

Bottom Line

Looking to make a move in Denver this June? Hit me up, and let’s talk about what you can expect and how to plan for it. With the right strategy and guidance, you'll be well-prepared to navigate this busy season.