August 2024 Newsletter

It's hard to believe August is here and the kids are heading back to school. It feels like summer just flew by!

July is typically a month when the Denver real estate market takes a bit of a break. However, this year, the market has been as unpredictable as our weather. You know the saying in Denver: "If you don't like the weather, wait 15 minutes." That advice seems fitting for sellers too, as patience may be the key to finding the right buyer. Some amazing properties can linger on the market, while less remarkable homes sell quickly, leaving many to wonder what's going on.

The market experienced a slowdown in July, with an 11% decrease in new listings compared to the previous month. However, new listings were still up 7% year over year. This means fewer sellers listed their homes in July, but the broader trend shows that not all homeowners are clinging to their historically low interest rates. Instead, some of the savviest consumers are anticipating a potential rate cut this fall, which could increase buyer demand. This increased competition may bring us back to a market where home prices rise as multiple buyers bid on the same properties. Buying now allows for a more thoughtful search with room for negotiation—and the opportunity to refinance down the road.

Community Insider

A Buyer’s Agent Can Help You Find Your Dream Home

Finding your dream home in today’s market needs to go beyond casual searches, checking out a few open houses and hoping for the best. They can bring a wealth of experience and resources that can be game-changing during your …

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St. Jude Children's Research Hospital® Online Charity Drive

St. Jude Children's Research Hospital® is leading the way the world understands, treats and defeats childhood cancer and other life-threatening diseases. Your participation can help ensure that families never receive a bill from St. Jude for treatment, travel, housing or food — so they can focus on helping their child live. When St. Jude opened in 1962, childhood cancer was considered incurable. Since then, St. Jude has helped push the overall survival rate from 20% to more than 80%, and they won't stop until no child dies from cancer.

At Coldwell Banker Realty, we stand firmly behind the St. Jude lifesaving mission: Finding cures. Saving children.® We're here to support inspiring patients like James. He has a family history with St. Jude Children’s Research Hospital® reaching decades into the past, long before his own diagnosis with neuroblastoma as a baby in 2021. As students, his parents had volunteered at the St. Jude housing facility that would later lodge them as a patient family. "We still talk about how crazy it is to be on the other side of it," said his dad. "The whole time we were over there volunteering, I never imagined I'd be back a decade later with a child that was receiving treatment at St. Jude. I don't think anybody does."

Find your region below to join our charity drive to support St. Jude Children's Research Hospital® and their lifesaving mission: Finding cures. Saving children.® You may also visit stjude.org for information about the innovative research and pioneering treatments that are underway.

Click below to make a difference today!



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Local Stories

6 Palisade Peach Stands To Visit This Season



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*I do not own the rights to the above pictures

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