Denver Real Estate Market - A Millennial's First Look

I’ve officially been in the real estate industry for two weeks and it’s time I finally put my analytical skills to use. As a new agent, you might take my advice with a grain of salt. But there’s a side of me you might not know about, I’ve been studying markets for years.

For the past seven years, I’ve actively invested in the stock market, managing my own portfolio and consistently outperforming the average by selecting individual stocks. My approach has always been simple, “invest in what you know”. Companies you use, follow, and believe in for the long term. I started with a strong foundation with stable picks like utilities and tech giants: Microsoft, Apple, Meta, Nvidia. Then I allocated 20% to high risk, high reward plays: Tesla, Rivian, United, Lyft, and Coinbase.

I view the housing market in much the same way. Less volatile than the stock market, but still driven by supply, demand, and psychology. It’s one of the most stable pillars of the U.S. economy, slow to rise, slow to fall, but always evolving.

Right now, Denver is in a state of transition. I see Denver real estate the way I’d see a blue chip utility stock, not flashy, but foundational. It’s a market that has sentimental value as I’ve lived here my whole life. This blog is my first official market analysis as a licensed real estate agent. I hope you can feel the depth of experience I bring from other markets and trust that my insights come from a place of both curiosity and transparency.

What’s Happening in Denver Right Now?

The way I think about housing is as a long term balancing act. The market doesn’t swing wildly like crypto, rather it steadies itself. In that steadiness, you can spot opportunity.

Today, Denver is in a transition period. Here’s the breakdown:

• Inventory is up: For the first time in years, buyers have options. Homes are sitting, and sellers are adjusting their expectations.

• Interest rates are high: Mortgage rates are around 7%, which makes financing more expensive, but that’s kind of the point. High rates are designed to cool the market and prevent a frenzy.

• Prices are trending down: With more homes on the market and fewer buyers willing to jump in at high rates, prices have started to mellow.

  
  

This is the early stage of a potential buyers market. Most people don’t realize it, because psychologically, high interest rates make people hesitate. It feels like the wrong time to buy. But remember, prices and interest rates rarely favor buyers at the same time. When rates drop, competition heats up, and suddenly you're in bidding wars again.

Renters, A Message For You

If you're not looking to buy just yet, here’s some good news…

Denver’s rental market is shifting too. Over the past few years, the city has been preparing for massive growth. Apartment complexes went up everywhere. I’m sure you have seen, but that growth has slowed. Migration is no longer surging, and now we’re left with more rental units than we need.

That means:

• Vacancies are rising

• Rent prices are falling

• Amenities are increasing

  
  

Property managers are competing for tenants, offering move-in deals, better maintenance, and even discounted rents. If you’re renting in Denver right now, you have leverage. Use it.

Advice to Millennials

• For buyers: focus on saving and pre-approval now while prices dip.

• For renters: negotiate, explore luxury units at a discount, and consider short term leases if you’re planning to buy soon.

• For investors: this is your prep period, deals are on the horizon.

As I said, the Denver market is shifting, and this change brings more opportunity. Whether you’re considering buying your first home, continuing to rent, or just trying to make sense of what’s happening, now is the time to pay attention. But remember, this is a marathon not a sprint. 

The market will reward those who prepare early. While others wait for the “perfect” moment, the ones who study, save, and stay informed will be ready when the window opens. My goal with this blog is to help you see real estate the way I’ve come to see investing, not as a gamble, but as a game of patience, optimism, and continuous learning.

Thanks for reading. Stay ready!