The Denver real estate market is currently seeing high inventory levels, making it the best buyer’s market in the past 10 years. Home sales have slowed, with median days on the market increasing and nearly half of all pending homes undergoing price reductions. Mortgage rates remain around 6.2% despite recent Federal Reserve rate cuts, and they may continue to decline heading into 2025. Buyers have strong negotiating power right now, while sellers are advised to wait until spring for better market conditions, increased demand, and potentially lower interest rates.