✉news BusinessReal Estate first seen 11 h ago, last 46 min ago, peak #9
Denver home sellers cut prices as sales slump to 2008 levels
Original: Denver home sellers cut prices as sales drop to 2008 recession levels
Home sellers in Denver are slashing asking prices as home sales in the metro area fall to levels last seen during the 2008 recession, according to local reporting by Denver7. The downturn marks a sharp cooldown for one of the country's priciest housing markets, with sellers increasingly conceding to buyers as demand dries up and properties sit longer on the market.
Why now: Falling home sales and price cuts signal a possible broader housing market correction, a concern for buyers, sellers and the economy.
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