Denver's median price just hit $605K and days-on-market dropped to 13 — this is not a balanced market, and sellers need to stop treating it like one

Something I keep saying to sellers right now: the market is doing you a favor, but only if your home is priced correctly from day one. The April DMAR numbers just landed and here is what stood out to me — the median resale price in Denver hit $605K, single-family homes pushed to $670K, and days-on-market dropped to 13. That last number is the one worth paying attention to. Thirteen days is not a slow market. But here is what I have seen over 23 years: a fast market does not fix a mispriced home. It just reveals the problem faster. The buyers out there right now are informed. They have seen the data too. And a significant number of them are carrying sub-4% mortgages they are not eager to let go of, which means when they do move, they are deliberate and they are not tolerating overpriced listings. The sellers who do well in this environment are the ones who come in sharp, with a clean contract and a clear-eyed understanding of what the market will actually bear — not what they wish it would. That is the conversation worth having before you list, not after. If you are thinking about making a move this spring in Denver, which neighborhood feels like it has shifted most noticeably to you in the last 60 days? — Tammy Morran | The HomeBridge Group @ eXp Realty