“In the first half of 2018, home sellers were taking offers over the weekend and selecting the best one in the stack on Monday," said agent Jill Schafer, when DMAR released its numbers earlier in September. "This year, sellers are making price adjustments as they try and find the right price point to entice buyers to make an offer.”
Many real estate agents also say there are few affordable properties to buy, which reduces demand. The average August sales price in metro Denver was just more than $488,000.