In Denver's housing market, a perfect storm is brewing. With a 60% increase in inventory compared to this time last year, the city is experiencing a significant shift. The usual supply and demand dynamics are out of balance, and buyers are struggling to find affordable options.

The market is being driven by a perfect combination of factors, including the fact that Colorado is the least affordable state in the country. This, coupled with a declining population and fewer buyers, is making it tough for sellers to find willing buyers. A recent report from Realtor.com highlights Denver's position as the market with the fastest falling home values, a trend that's been ongoing for a few months.

Jeana discusses the importance of realistic pricing with their guest, Gaye Ribbel, a team leader for the Empower Home Team with Keller Williams. Gaye shares insights on the current market trends and the challenges sellers are facing. They also touch on the topic of sellers who are holding onto unrealistic expectations, and the impact this has on the market.

If you're considering buying or selling a home in Denver, this episode is a must-listen. Gaye shares valuable advice on how to navigate the current market and make informed decisions. Tune in to hear the full conversation and learn how to succeed in today's competitive housing market.